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US Crude Exports Dipped in Nov with India the Main Buyer

OIL

India remained the main purchaser of US crude in November with volumes unchanged from the previous month according to US Census Bureau and EIA data.

  • Total US crude oil exports decreased to 4.03mbpd in November from 4.13mbpd in October according to US Census data yesterday.
  • US domestic crude to key destinations in Nov vs Oct (in mbbls):
    • India at 15.8 vs 15.8
    • South Korea at 15.6 vs 13.3
    • Netherlands at 12.3 vs 12.8
    • Canada at 11.3 vs 11.9
    • Singapore at 9.73 vs 10.7
    • UK at 8.76 vs 12.4
    • China at 6.93 vs 10.3
    • France at 6.04 vs 2.1
    • Taiwan at 5.54 vs 4.2
    • Spain at 3.50 vs 3.6

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