Seaborne Crude Exports

摘要

Crude trade is projected to rise by 1.9% to 40.5m bpdin 2023, driven by rising US, Norwegian and Brazilian exportsamid increasing production, while Asia is expectedto account for all import growth. In the MEG, exports areexpected to decline by 1.2% this year on the back ofthe recently introduced OPEC cuts. US exports are expectedto grow by 18% this year; shipments are estimatedto have reached 4m bpd in April, supported by afavourable WTI-Brent spread in Feb-March.