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US Gulf Coast crude exports are on track to average a record 4.90 million barrels a day
Posted on 4/11/26 at 8:12 am
Posted on 4/11/26 at 8:12 am
quote:
US crude oil exports are skyrocketing:
US Gulf Coast crude exports are on track to average a record 4.90 million barrels a day in April based on current loadings.
That would be up +23%, or +930,000 barrels per day since March, and up +30%, or +1.12 million barrels per day since February.
At the current pace, May exports will exceed 5.0 million barrels a day for the first time in history.
This comes as Asian buyers are securing US cargoes to offset the loss of Middle Eastern supply while flows from the Strait of Hormuz remain significantly limited.
For May alone, 28 supertankers are already lined up to carry US crude, compared to 5 typically booked at this point in a month.
Global demand for American oil has never been higher.
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6
Posted on 4/11/26 at 8:12 am to stout
Posted on 4/11/26 at 8:17 am to stout
Isn't this going to reverse itself once the strait is opened? I'm not a crude oil extraction expert but doesn't the US need higher price per barrel to make some of our extraction juice worth the squeeze so to speak?
Posted on 4/11/26 at 8:19 am to Diego Ricardo
quote:
Isn't this going to reverse itself once the strait is opened?
Probably but we will take it while we can
Canada is pissed they aren't an option
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Posted on 4/11/26 at 8:23 am to stout
How many of these barrels are Canadian piped to the Gulf Coast? Yes, that does happen.
Posted on 4/11/26 at 8:28 am to stout
Posted on 4/11/26 at 9:06 am to CitizenK
I think Canada stuff is too heavy for the Asian refiners.
Posted on 4/11/26 at 9:52 am to stout
I am currently offshore and my tasks always present a production upset risk, that's not a brag, just the nature of my job. I was told when I got here to "keep my dick beaters in my pockets". In other words, don't touch shite. I've "worked" about 6 hours in the last 10 days. Mainly admin stuff. Oil is too high, and it's too important right now.
Posted on 4/11/26 at 10:08 am to Gee Grenouille
quote:
I was told when I got here to "keep my dick beaters in my pockets". In other words, don't touch shite.
Posted on 4/11/26 at 10:33 am to stout
This is bad. Impeach him!!! - AWFL’s
Posted on 4/11/26 at 10:37 am to C
quote:
I think Canada stuff is too heavy for the Asian refiners.
Why was China importing Venezuelan then? Some Asian refineries have cokers. Cokers LOVE heavy. FWIW, a refinery built for 50,000 BPD of intermediate crude can refine 55,000 BPD of heavy crude.
Canada actually wanted to build a pipeline to their West Coast and built the original Keystone pipeline because the Injuns blocked construction. It was to be two pipelines. One pipeline for heavy crude headed west and one smaller pipeline for naphtha and/or high sulfur diesel to go east to be used to thin the very heavy crude coming from wells. This was almost 20 years ago.
This post was edited on 4/11/26 at 10:43 am
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