2024 YTD US crude oil and petroleum product exports show healthy increases
Thus far in 2024, the export market for both US crude oil oil and petroleum products continues to expand. On a YTD basis, US crude oil exports are now at 4.3 mbd compared to 4.0 mbd at this stage in 2023, representing a healthy +7.5% increase. On a YTD basis, US petroleum product export rates have increased to 6.35 mbd from 6.15 mbd in 2023, representing a 4% increase. Both crude and petroleum product export rates are at all time highs for the United States and shows no signs of slowing. These values are all based on data supplied by the EIA.