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US crude oil exports surged in the first half of 2018

According to the United States Energy Information Administration (EIA), US crude oil exports and petroleum products totaled 7.3 mb/d in the first half of 2018, of which 1.76 mb/d for crude oil (+79.6% compared with the first half of 2017), 1.57 mb/d for hydrocarbon gas liquids (+11.3%), 1.26 mb/d (-6%) and 0.91 mb/d for gasoline (+18%).



Crude oil has become the single largest US petroleum export product. Its exports increased by 787,000 bbl/d and reached even 2.2 mb/d in June 2018. Most of them were shipped to Asia, in particular China (376,000 bbl/d), South Korea (111,000 bbl/d) and India (89,000 bbl/d). Canada was the second largest destination with 334,000 bbl/d.



As for other products, Mexico is the top destination for motor gasoline exports with 504,000 bbl/d and also for distillate exports with 289,000 bbl/d. Canada is the first country of destination for hydrocarbon gas liquids with 316,000 bbl/d, followed by Mexico with 136,000 bbl/d.

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