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U.S. petroleum exports increase rapidly in recent years

Xinhua Financein HOUSTON
2018-12-18 14:53

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U.S. petroleum exports have increased in recent years, the U.S. Energy Information Administration (EIA) said in a report on Monday.

EIA said in its latest Petroleum Administration for Defense District report that U.S. petroleum exports have become an important factor in global oil markets.

U.S. petroleum product exports have increased over the past several years, reaching 5.2 million barrels per day (b/d) in 2017, according to EIA.

U.S. crude oil exports, in particular, have risen sharply since crude oil export restrictions were lifted in late 2015, reaching 1.1 million b/d in 2017. Through June 15, U.S. crude oil exports have surpassed 2 million b/d seven times in EIA weekly data.
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