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US Exports Ride Record-High Wave

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  • US product exports touched new highs in April, with record volumes going to Latin America.

  • Crude exports continue to hover around 3.2 million b/d, but a record volume traveled to Europe in April.

  • Even while exports surge, demand remains well below prepandemic levels.

The US exported near-record volumes of petroleum in April, according to the latest monthly report from the Energy Information Administration (EIA). But while volumes sent abroad have largely breached pre-pandemic levels and are likely to keep rising, domestic demand remained short of the pre-Covid mark.

Topics:
Oil Trade, Oil Products, Crude Oil, Oil Demand
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