US crude oil, petroleum product exports more than doubled since 2010
Gross exports of crude oil and petroleum products from the United States more than doubled since 2010,
the U.S. Energy Information Administration (EIA) said in a recent report.
Total gross exports increased from 2.4 million barrels per day (b/d) in 2010 to 5.2 million b/d in 2016. In 2016, the United States exported an average of 520,000 b/d. U.S. crude oil exports reached 1.1 million b/d
in February 2017, the highest monthly level on record.
The lifting of restrictions on exporting domestically produced crude oil in December 2015, improved price differentials, lower shipping costs and increasing domestic production contributed to the rise in crude oil exports.
Canada is still the most common destination for U.S. crude oil exports, but its share dropped from 92 percent in 2015 to 58 percent in 2016. The Netherlands, Curacao, China, Italy and the United Kingdom are other top destinations for U.S. crude oil exports.
Exports of the country’s largest petroleum product export, distillate, grew by 81 percent between 2010 and 2016. In 2016, the United States exported 1.2 million b/d of distillate.
U.S. exports of total motor gasoline more than doubled since 2010 from 335,000 b/d in 2010 to 761,000 b/d in 2016 as domestic consumption also increased. Over the past five years, Mexico has received between 44 percent and 53 percent of total U.S. gasoline exports.
