Total domestic crude exports averaged about 3.2mn b/d in 2020, up from 2.98mn b/d in 2019, the previous record high, according to trade data released today by the US Census Bureau and monthly figures from the Energy Information Administration.
That's a 7.4% increase year-over-year.
In December, US crude exports averaged 3.35mn b/d, up by about 23pc from 2.73mn b/d in November with China regaining its position as the top destination.
US crude exports destined for China averaged about 719,000 b/d in December. China had been the top destination for US crude loaded in May-October, but its intake fell sharply in November when India took the top spot. India in December was the second top destination for US crude, with about 560,000 b/d, a record high for US exports headed to that country.
State-controlled Indian refiners in December expanded their import portfolios to include more US grades, with IOC now including West Texas Light (WTL) as an eligible grade in their weekly import tenders and Hindustan Petroleum (HPCL) issuing a unique tender that sought Mars for its Vizag refinery in January and February.
Meanwhile, US ultra-low sulphur diesel (ULSD) exports to Mexico surpassed year-earlier levels in December as overall shipments edged higher.
Much more at the link. Imagine all the men and women who showed up on a daily basis during a pandemic to make this happen. At some level, this simply blows me away. There are many, many story lines.
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