POST Online Media Lite Edition



 

United States now exports crude oil to more destinations than it imports from

Christian Fernsby |

KEY POINTS
  • In 2009, the United States imported crude oil from as many as of 37 sources per month
  • In the first seven months of 2019, the largest number of sources in any month fell to 27
  • As the number of sources fell, the number of destinations for U.S. crude oil exports rose

The United States now exports crude oil to more destinations than it imports from.

Article continues below



Topics: OIL    EXPORT   

In the first seven months of 2019, the United States exported crude oil to as many as 31 destinations per month.

As U.S. crude oil export volumes have increased to an average of 2.8 million barrels per day (b/d) in the first seven months of 2019, the number of destinations (which includes countries, territories, autonomous regions, and other administrative regions) that receive U.S. exports has also increased.

In 2009, the United States imported crude oil from as many as of 37 sources per month. In the first seven months of 2019, the largest number of sources in any month fell to 27. As the number of sources fell, the number of destinations for U.S. crude oil exports rose.

This rise in U.S. export destinations coincides with the late 2015 lifting of restrictions on exporting domestic crude oil. Before the restrictions were lifted, U.S. crude oil exports almost exclusively went to Canada.

Between January 2016 (the first full month of unrestricted U.S. crude oil exports) and July 2019, U.S. crude oil production increased by 2.6 million b/d, and export volumes increased by 2.2 million b/d.

The United States has also been importing crude oil from fewer of these sources largely because of the increase in domestic crude oil production.

Most of this increase has been relatively light-sweet crude oil, but most U.S. refineries are configured to process medium- to heavy-sour crude oil. U.S. refineries have accommodated this increase in production by displacing imports of light and medium crude oils from countries other than Canada and by increasing refinery utilization rates.

Conversely, the United States has exported crude oil to more destinations because of growing demand for light-sweet crude oil abroad. Several infrastructure changes have allowed the United States to export this crude oil.

New, expanded, or reversed pipelines have been delivering crude oil from production centers to export terminals. Export terminals have been expanded to accommodate greater crude oil tanker traffic, larger crude oil tankers, and larger cargo sizes.

More stringent national and international regulations limiting the sulfur content of transportation fuels are also affecting demand for light-sweet crude oil.

Many of the less complex refineries outside of the United States cannot process and remove sulfur from heavy-sour crude oils and are better suited to process light-sweet crude oil into transportation fuels with lower sulfur content.

The U.S. Energy Information Administration’s monthly export data for crude oil and petroleum products come from the U.S. Census Bureau. For export values, Census trade data records the destinations of trade volumes, which may not be the ultimate destinations of the shipments.


What to read next

U.S. imports of oil heavier than domestic production
China surpasses U.S. as largest crude oil importer
Canada's imports declined 2.5%

Ofgem launching urgent investigation into British Gas after reports of breaking into customers' homes

 
Ofgem has launched an investigation into British Gas following reports the firm has been sending debt collectors to “break into” customers’ homes to “force fit” prepayment meters including in vulnerable households.
 
 

Latest

2024 Range Rover Velar, pure greed and distraction
Saudi Dussur-Korean JV breaks ground on $240m steel plant
Japan gives priority review status to Alzheimer's drug developed by Eisai, Biogen
Australia to remove British monarch from banknotes

NEWS

Philippines: DepEd to look into camera purchases amid overpricing allegations

Lithuania: EPPO uncovers €580 000 fraud, EU funds fully recovered
EPPO dismantles tobacco smuggling network operating in Italy and France
Phantom F-4 crash: Captain Efstathios Tsitlakidis confirmed dead
Entire leadership of State Customs Service of Ukraine dismissed
SBU exposes large-scale schemes for misappropriation of $1 billion for Ukrnafta, Ukrtatnafta
 

BUSINESS

€25 million EBRD loan to support new tram line in Sarajevo, Bosnia and Herzegovina

Five vessels to deliver Ukrainian food exports to China, Egypt, Turkey, Spain, Portugal
New York City mayor announces roadmap for nation's largest compost collection program
Bulgaria starts construction of gas interconnector with Serbia
Intermediate bulk container market to rech $46.2 billion
Global gold demand hit decade high in 2022
 

Trending Now

Japan gives priority review status to Alzheimer's drug developed by Eisai, Biogen

Bird flu spills over to otters and foxes in UK

Australia to remove British monarch from banknotes

Saudi Dussur-Korean JV breaks ground on $240m steel plant


POLITICS

Ukraine, Austria memoranda on energy and environmental protection signed

Iran to put South Pars 14th Phase refinery into operation
Malaysia plans to set up cyber security commission
Finland approves €2bn supplementary budget
Commission approves €600 million Slovak scheme to support its economy
UK ready to boost CPTPP’s economic clout, says Trade Minister on Asia-Pacific visit
 

Today We Recommend

Working group proposes on how to make Finland tobacco-free by 2030


Highlights 

Novartis Q4 income declined 91 percent

GM and Lithium Americas to develop U.S. lithium production through $650 million deal

Biden presents work on Baltimore tunnel, 72,000 new jobs expected


COMPANIES

Wolfspeed plans to construct world’s largest, advanced silicon carbide device manufacturing facility in Saarland

NRRP, Enel X and Intesa Sanpaolo to help agricultural companies develop agrisolar parks
Uruguay: Private investment of 5 million dollars in Nueva Helvecia cheese factory generates jobs
Project Air in Sweden: Uniper commissions Sunfire to build 30 MW electrolyzer
Qatar Airways and Airbus reach amicable settlement in legal dispute
Hungary gives Dunaferr steelworks $45 million bailout to pay wages
 

CAREERS

Satu Rautavalta appointed new CEO of Pimatic

Exothera appoints Darren Leva as chief business officer
Vesta taps Shimon Steinmetz as CFO
Bruno Ultra Barcelos appointed managing director of Ethypharm UK
Syntach names Patrick NJ Schnegelsberg as new CEO
Chiesi appoints Giuseppe Accogli as new group CEO
 

ECONOMY

Germany's foreign trade balance sees surplus of 10.0 billion euros in December 2022

Material shortages decrease in German manufacturing
Companies added 106,000 new workers in January
Scotland's onshore GDP fell by 0.1% in November 2022
UK house prices continued to fall in January
Italian economic growth stronger than expected in 2022
 

EARNINGS

Eli Lilly Q4 profit $1.94 billion

Siemens Gamesa Q1 revenue 2.0 billion euros
Roche sales up 2%
Sony Q3 profit $2.32 billion
Shell Q4 earnings $9.81 billion
Deutsche Bank reports 2022 profit before tax of €5.6 billion
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Bird flu spills over to otters and foxes in UK

Spain authorizes 300m euros aid to farmers for increase in price of fertilizers
Main destinations for Brazilian fruit in 2021 were EU, U.S., Argentina and Canada
Vietnam: Agriculture increasingly asserts its supporting role for economy
Rosselkhoznadzor prohibits supply of sunflower seeds from Syngenta Seeds
Forum held about beef sector in Poland
 

LEADERSHIP

Lucky CEO means bad luck for hiring company

Product images could boost food pantry use
The madness of fast service: I want it now!
How to build a resilient brand
Only 32% of employees believe their pay is fair
Corporate duty waivers limit organic company growth and innovation
 

CRIME

AG for District of Colubia: $1,950,000 available for eligible Drizly drivers as result of tip-theft investigation

North Carolina: 52 stores pay fines for price scanning errors in 33 counties
EAO issued third fine for Coastal GasLink project
Dutch central bank fines cryptocurrency exchange Coinbase 3.3 mln euros
Bloomberg to pay $5 million for misleading disclosures about its valuation methodologies for fixed income securities
Italy fines Yoox with over 5 million euro for misleading prices and limitations of right of withdrawal
 

Magazine

TRAVEL

Legend Rock Petroglyphs in Wyoming, history right in front of you

La Chandeleur in Paris: Crêpe Day for all of you
Tru by Hilton Monterrey Fundidora hotel opens in Mexico
IntercityHotel Berlin Airport BER opens
Art After School, the perfect way to spark imagination in your child
The world's biggest food fair in Berlin you don't wanna miss
 

SEA, LAND, AIR

Honda Pilot TrailSport, fully equipped SUV with great ground clearance

2024 Corvette E-ray, electrified 4WD
Jaguar I-PACE is now more distinctive
2023 Toyota Prius expected this January
2023 Lincoln Corsair, advance features and ActiveGlide
Lamborghini Huracán Sterrato, first super sports car for any terrain
 

DESIGN

Curved sofas, elegant and gentle

Solios watches, from nature to luxury
Coats of faux fur, but not of faux style
Redifining kitchen space and experience with workstations
Dinning sofas, a soft addition to a modern dinning table
Patchwork carpets, vintage Persian carpets made with unparalleled skill
 

GADGETS

Harman Luxury Audio introduces new JBL Classic Series

KEF KC62, audio excellence and design ingenuity
Panasonic announces flagship OLED TV MZ2000
McIntosh MC451, 150 Watt vacuum tube and 300 Watt solid state amplifier
Headonia 2A3, luxury headphone amplifier that comes with gloves
ASUS launches ExpertBook B9 for executives
 

HEALTH

Working group proposes on how to make Finland tobacco-free by 2030

Study: Merck COVID-19 pill linked to virus mutations
South Africa authorises roll out of COVID-19 boosters to fight Omicron variant
FDA approves Orserdutm for patients with advanced or metastatic breast cancer
Indonesia to start rolling out COVID-19 vaccination for children under 6
Ipsen receives CHMP negative opinion for Palovarotene as treatment for fibrodysplasia ossificans progressiva in EU
 

MEANTIME

Webb telescope catches early galaxy formation in action

Straigh and gay men both prefer masculine men for important jobs
Green comet to visit Earth after 50,000 years
Astronomers captured spectacular, ongoing collision between at least three galaxy clusters
NASA system predicts small asteroid to pass close by Earth this week
NASA, Pentagon developing nuclear-powered rocket for Mars