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The United States exported 2 mb/d of crude oil to 42 destinations in 2018

17 Apr 2019

According to the United States Energy Information Administration (EIA), US exports of crude oil neardly doubled in 2018, from 1.2 mb/d in 2017 to 2 mb/d in 2018. The primary driver behind rising exports is the increase of the domestic crude oul output (+17% in 2018) to an average of 10.9 mb/d. Most of the increase in production is related to the Gulf Coast states (7.1 mb/d, i.e. 65% of domestic production), the departure point for more than 90% of U.S. crude oil exports.

Besides, the destination of export volumes changed significantly during the year, as crude oil exports to China nosedived, while exports to other destinations such as South Korea, Taiwan, and Canada increased. In 2018, Asia was the main destination for US crude oil exports - South Korea overtook China as the second-largest destination for US crude oil exports in 2018 (respectively 236,000 bbl/d and 228,000 bbl/d) - followed by Europe and Canada (largest destiantion with 378,000 bbl/d, i.e. 19% of total exports). China was the largest single destination for US crude oil exports in the first half of 2018 but China included US crude oil on a list of goods potentially subject to higher import tariffs, and the United States exported no crude oil between August and October 2018.

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