Growth in propane exports drove U.S. petroleum product export growth in first half of 2016

5 Oct 2016   exports

In the first half of 2016, the United States exported 4.7 million barrels per day (b/d) of petroleum products , an increase of 500,000 b/d over the first half of 2015 and almost 10 times the crude oil export volume. While U.S. exports of distillate and gasoline increased by 50,000 b/d and nearly 140,000 b/d, respectively, propane exports increased by more than 230,000 b/d. Propane surpassed motor gasoline to become the second-largest U.S. petroleum product export, after distillate. Although total U.S. petroleum product exports grew, export destinations remained largely unchanged. Mexico , Canada , and the Netherlands received the greatest volumes of U.S. petroleum products in the first half of 2016, importing 775,000 b/d, 579,000 b/d, and 271,000 b/d, respectively. U.S. petroleum products tend to stay in the Western Hemisphere. In 2015, approximately 60% of total petroleum product exports remained within […]

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