US Crude Exports Rise

Oil

US crude exports rose over 590K b/d week-on-week to average 3.56M b/d in the week ending 14 February, the highest since end December, according to the latest data from the US EIA. Crude imports were down by 430K b/d on the week, nearly 1M b/d lower on the year. East Coast gasoline stocks fell 900K bbl to 66.5M bbl, taking levels over 1M bbls lower on the year. US refinery throughputs moved 190K b/d higher on the week to 16.2M b/d, 500K b/d higher on the year.