• 4 minutes 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 7 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 10 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 13 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 4 hours The 5 Scary New Rules Of Upside-Down Capitalism
  • 3 hours Hydrogen Hurdles in Japan
  • 14 hours More dumbed down? re Hong Kong Act of Congress
  • 22 mins Winter Storms Hitting Continental US
  • 5 hours U.S. Shale To Break Records Despite Bearish Rhetoric
  • 5 hours PennEast Appealing Wacky 3rd Circuit Decision to Supreme Court
  • 8 hours Impeachment S**te
  • 3 hours Aramco IPO magic trick
  • 6 hours Contaminated Oil
  • 18 hours U.S. Shale Output may Start Dropping Next Year
  • 6 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 15 hours Petroleum Industry Domain Names
  • 20 hours Crazy Stories From Round The World
  • 6 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 5 hours Pope Proposes New Sin: Thou Shalt Not Destroy The Harmony Of The Environment
Alt Text

How Much Oil Does The U.S. Really Own?

The scope of global oil…

Alt Text

Iran Admits: Tanking Oil Revenue Cripples Country

Iran's President, Hassan Rouhani, has…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

The U.S. Smashes Another Oil Export Record

Growing U.S. crude oil production and exports have resulted in America selling oil to more destinations around the world than the number of countries from which it imports crude oil, the Energy Information Administration (EIA) said on Tuesday.

A decade ago, the United States was importing crude oil from as many as 37 foreign sources per month, and its exports were restricted almost exclusively to Canada. After the lifting of those restrictions at the end of 2015, U.S. crude oil exports have been on the rise and reaching more destinations.

Between January and July 2019, the largest number of sources of America’s oil imports fell to 27 in any of those months, the EIA has estimated.

On the other hand, the number of destinations for U.S. crude oil exports rose, with exports to as many as 31 destinations per month in the first seven months this year.

Thanks to its growing domestic production—which increased by 2.6 million bpd between January 2016 and July 2019—the U.S. has been importing crude from fewer sources. The domestic production increase has been mostly light sweet crude, which U.S. refiners have accommodated by displacing imports of light and medium crude from countries other than Canada and by raising refinery utilization rates, EIA says. Related: Is Eating Meat Worse Than Burning Oil?

On the other hand, expanding export terminals in the U.S. and global demand for light sweet crude have allowed the U.S. to export oil to more destinations.  

U.S. crude oil exports jumped by nearly 1 million bpd in the first half of 2019 from the same period in 2018 to average 2.9 million bpd between January and June this year, the EIA said earlier this month.

Average U.S. exports of crude oil rose by 966,000 bpd in the first half of 2019, compared to the first half of 2018. In June this year, the U.S. set a monthly average record of 3.2 million bpd of crude oil exports, EIA data showed.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment
  • Mamdouh Salameh on October 22 2019 said:
    When I saw your flashy title I immediately thought that the United States has overtaken both Saudi Arabia and Russia in crude oil exports. It transpired that the world record the United States smashed is that its crude oil imports have come from a smaller number of countries and its oil exports have gone to a larger number of countries. And since US oil exports are estimated at 2.9 million barrels a day (mbd), this means that each of the 37 export destinations received on average 94,000 barrels a day (b/d), not an earth-shattering achievement.

    It is like somebody claiming that he broke the world record by shopping in 20 supermarkets in one day rather than his usual supermarket. So what and how pathetic?

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London
  • Andrew Doolittle on October 22 2019 said:
    That's not a lot of money actually compared to US lng and US lpg. Nice jump in Boeing today.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play