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We are exporting big time

Posted: Tue Jul 19, 2022 3:09 pm
by Fraser921
https://www.freightwaves.com/news/us-ex ... ven-higher

At-the-pump prices for gasoline and diesel may be down from all-time peaks but they remain exceptionally high. Meanwhile, as domestic energy resources flow to the highest bidder, more U.S.-produced crude is being loaded on tankers bound for Europe, and more U.S.-refined diesel aboard ships headed to Latin America.

“Rising [diesel] exports shipments have drained domestic supply,” reported Argus on Monday.

Citing ship-movement data from Vortexa, Argus said that diesel exports averaged 1.45 million barrels per day (b/d) from July 1-13, more than in any month since July 2017.

According to data from Kpler, total clean products exports (including diesel, gasoline, jet fuel and other products) averaged 2.5 million b/d in the first half of July, one of the highest monthly averages since August 2019.