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Gulf Crude Exports Set for Record High Q2: Rystad

OIL

Oil exports from the US Gulf Coast are set to hit an all-time high of 3.3 million barrels per day (bpd) in the second quarter of 2022, exceeding the previous record of 3.2 million bpd in the first quarter 2020 as refining capacity outages limit operators’ ability to meet demand and the US government’s Strategic Petroleum Reserve (SPR) release boosts supply according to Rystad Energy.


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Oil exports from the US Gulf Coast are set to hit an all-time high of 3.3 million barrels per day (bpd) in the second quarter of 2022, exceeding the previous record of 3.2 million bpd in the first quarter 2020 as refining capacity outages limit operators’ ability to meet demand and the US government’s Strategic Petroleum Reserve (SPR) release boosts supply according to Rystad Energy.