US crude exports hit record in September

摘要

New York—US crude exports rose 35,000 b/d to a record 692,000 b/d in September after Brent’s premium to WTI widened, an analysis of US Census Bureau data released Friday showed. Brent’s premium over WTI widened from 34 cents/b in May to average $1.88/b in August and $1.66/b in September. After the spread tightened in May, US crude exports shrank to 383,000 b/d by June as arbitrage opportunities tightened. By August US crude exports had bounced back to 657,000 b/d.