US Crude Exports Face Mounting Challenges

摘要

Crude exports from the US are clawing back ground lost during the Covid-19 pandemic, but they remain under pressure. Data from the US Energy Information Administration (EIA) show crude shipments lagged year on year throughout the first quarter of 2021. Meanwhile, data from tracking firm Kpler indicate yearto- year growth in April, but May and June are trailing behind 2020 levels. Kpler puts total first-half 2021 crude exports at roughly 2.6 million barrels per day, compared to 2.8 million b/d in 2020. The EIA's figures are generally higher, but the same trend is evident.