U.S. crude exports are expected to reach nearly six million bpd by 2022, according to Rystad Energy. The U.S. could see its crude oil exports nearly double by 2022, according to energy research firm Rystad Energy. Rystad forecasts that U.S. crude exports could increase from current levels of 2.9 million barrels per day (bpd) to nearly six million bpd by 2022. This is based off the nation’s expected production increase of 1.2 million bpd year-over-year in 2020 and domestic refineries at capacity to absorb shale growth. “Crude exports will grow on the back of new infrastructure coming online in Corpus Christi, Texas, and as international crude buyers ramp up efforts to diversify their import sources after the attacks on oil facilities in Saudi Arabia and overall rising tensions in the Middle East,” said Paola Rodriguez-Masiu, a senior analyst on Rystad’s oil market team. Rystad also noted the recent slowdown […]