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US Gulf crude exports to hit record high this quarter

Crude oil exports from the US Gulf Coast are set to hit an all-time high of 3.3 million bopd in the second quarter of 2022, as refining capacity outages limit operators' ability to meet demand and the US government's Strategic Petroleum Reserve (SPR) release boosts supply, Rystad Energy research said in a note yesterday.

Tim Daiss
US Gulf crude exports to hit record high this quarter

In March, the Biden Administration announced a plan to release (sell) 90 million barrels of oil between May and August through two notices of sale totaling 70 million barrels and 20 million barrels from...

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