US crude exports rose 126,000 b/d to a record 502,000 b/d in November, US Energy Information Administration data showed Thursday. The prior record high of 455,000 b/d was set in March of 1957. EIA data goes back to 1920. This time last year, EIA data shows, US exports were just 253,000 b/d. The bulk of the November volume went to Canada, where US barrels rose 104,000 b/d to 455,000 b/d. This echoes Statistics Canada data released at the beginning of the month, which showed Canadian imports from the US were around 487,000 b/d in November. The bulk of the exports — 212,000 b/d — left the US from the Gulf Coast. However, 140,000 b/d was from the Atlantic Coast and 128,000 b/d was from the Midwest. Article continues below… Every Monday, Capitol Hill newshounds Herman Wang and Brian Scheid analyze, dissect and debate […]

Posted in: USA