U.S. Crude Oil Exports Increased Following Hurricane-Related Refinery Disruptions

From late August through September 2017, Hurricane Harvey caused disruptions to the U.S. Gulf Coast refining sector, resulting in record-high U.S. crude oil exports when export facilities reopened after the storm and before many refineries returned to pre-storm levels of utilization. In October 2017, crude oil exports from the United States reached a monthly record of more than 1.7 million barrels per day (b/d). EIA’s Petroleum Supply Monthly data for October 2017 show that the largest increases in U.S. crude oil exports were to Asia, followed by Europe.

Exports to Asian countries accounted for 35% of total U.S. exports of crude oil in the first eight months of 2017, averaging 312,000 b/d. In September and October, exports to Asia accounted for 40% of total U.S. exports of crude oil, averaging 636,000 b/d, or more than double their pre-Harvey levels.

Similarly, exports to European countries accounted for 22% of total U.S. exports of crude oil in the first eight months of 2017, averaging 193,000 b/d. In September and October, exports to Europe averaged 510,000 b/d, which accounted for 31% of U.S. exports of crude oil…

 

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