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2014-04-23 18:51:00

US EXPORTS INCREASED

US EXPORTS INCREASED

US petroleum product exports in 2013 averaged 3.5 million b/d, up 10% from levels in 2012, according to the US Energy Information Administration. In December 2013, US exports of petroleum products reached 4.3 million b/d, the first time to exceed 4 million b/d in a single month.

"The increase in exports was broad-based, affecting multiple products going to multiple regions," EIA said.

Exports of distillate fuels in 2013 increased 110,000 b/d over the previous year to 1.1 million b/d, according to EIA data. This was accompanied by a 160,000 b/d increase in distillate fuel production in 2013 as the result of cost-advantaged US crude oil and natural gas and near-record-high refinery runs.

Distillate exports to Central and South America, already the largest destination for US produced distillate fuel, increased 60,000 b/d in 2013, reaching 550,000 b/d. Exports of distillate fuel to Europe increased 50,000 b/d to an average of 400,000 b/d in 2013.

Propane exports increased 130,000 b/d in 2013, averaging 300,000 b/d for the year, with almost half of the total going to Central and South America. Exports to Europe also doubled from 2012 levels to 55,000 b/d.

Increases in propane production and elevated inventories contributed to growth in propane exports. In 2013, US propane production increased 110,000 b/d compared with 2012, while consumption grew 90,000 b/d. Continued propane production growth in excess of consumption over several years filled propane inventories to 75.8 million bbl in October 2012, the highest level since 1998.

Gasoline exports averaged 550,000 b/d for the year, a 45,000 b/d increase over the level in 2012. December 2013 gasoline exports set a monthly record of 770,000 b/d. Gasoline exports increased to Africa, Central and South America, and Mexico.

Although generally declining, the amounts of US petroleum product imports continue to be significant, averaging 2.1 million b/d in 2013.

"Given present infrastructure constraints, the East Coast continues to import substantial amounts of gasoline from Europe and Canada," EIA said, adding, "Likewise, imports play a critical role in supplying distillate and propane during the winter, particularly on the East Coast, when in-region production along with shipments from other regions are insufficient to meet the increases in demand, especially during very cold weather, as much of the country experienced this past winter."

ogj.com

 

Tags: EIA, US, PETROLEUM