 Home > Chemicals Industry > Petrochemical News > U.S. crude oil exports hit a record high

U.S. crude oil exports hit a record high

 Last Update: 2022-11-16
 Source: Internet
 Author: User

Tags

european markets

mallard oil gas

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

U.
S.
crude exports hit record highs as European refiners rushed to stockpile supplies
ahead of the Russian import ban.

According to the U.
S.
Energy Information Administration (EIA), U.
S.
weekly overseas shipments reached 5 million barrels per day, surpassing the highest level
just a month ago.
The increase in itself was also a record increase of 2.
89 million barrels per day
.

The increase in exports underscores the extent to which the world is turning to the United States to meet its energy needs
as the Russia-Ukraine crisis continues and oil and gas supplies on global markets dwindle.
In addition to Europe's growing dependence, as Russia cuts supplies and becomes the target of global sanctions, gas prices have soared and global markets have begun to turn to oil to meet electricity demand
.

Last month, Libya's exports fell sharply, adding to the pressure on the tight crude oil market and prompting European refiners to become more dependent on U.
S.
supplies
.
About 45 million barrels of crude are expected to arrive in Europe in August, which would be the highest level
since Bloomberg began compiling data in 2019.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

petroleum wax

CAS No.: 497-19-8

industry Grade

$980-1080/MT FOB

Best low temerature flow improver for diesel fuel MDFI

CAS No.: 24937-78-8

Chemical Grade

$3900-4200/MT EXW

Wholesale Fully Refined Paraffin Wax 58 60 Paraffin Wax 58-60 for Candle Making

CAS No.: 8002-74-2

Industrial Grade

$850-1100/MT FOB

Hot Tags

jobs united states(236)

united states jobs(223)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

ups united states(221)

announcements today(81)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.