US crude oil exports reach record high

Crude oil exports increased by more than 300,000 barrels per day (b/d) in the first half of this year compared to the same period last year in the US. It […]

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By Priyanka Shrestha

Crude oil exports increased by more than 300,000 barrels per day (b/d) in the first half of this year compared to the same period last year in the US.

It reached a record high of 0.9 million b/d, according to latest statistics from the Energy Information Administration (EIA).

The US exported crude oil to 27 countries in the first half of 2017 compared to 19 nations last year.

Canada remained the largest recipient at 307,000 b/d but imported an average of 63,000 b/d less compared to the same period last year.

China increased its crude imports from the US by 178,000 b/d and became the second largest importer of crude oil, averaging 186,000 b/d in the first half of the year.