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US Gulf Crude Shipments Surge March

OIL

Crude exports from the US Gulf Coast surged 22% m-o-m to reach 4.726mn bpd in March according to Bloomberg vessel tracking.

  • Volumes soared towards Europe and Asia with Chinese shipments more than doubling m-o-m to cover its economic rebound.
  • Major destination and flow amounts in bbl for March vs Feb:
  • Asia: 58m vs 51.7m
  • Europe: 62.1m vs 42.8m

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