Links to previous press releases are below.
US Distillate Exports Hit Record High
US distillate fuel oil exports in May (the latest month which data are available for) increased by 195K b/d m-o-m and 274K b/d to a record high of 1.52M b/d, according to the US Energy Information Administration (EIA). Over the first 5 months of 2017, exports have averaged 1.28M b/d, up by 152K b/d y-o-y. Growth has been driven by shipments to Latin America (+202K b/d y-o-y to an average of 941K b/d), which has offset lower volumes to Europe (-75K b/d to an average of 237K b/d). The growth in trade comes amid record US refinery runs and subdued throughputs in Latin America.