Dec 10, 2019 US becomes a major oil supplier to Eu
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Posted On: 02/16/2022 11:17:14 PM
Dec 10, 2019 US becomes a major oil supplier to Europe
Dec 10, 2019 — While US crude has now been shipped to dozens of destinations around the world, a substantial share of exports finds its way to Europe.
US crude oil exports have risen sharply since Congress voted to lift the export ban. In January 2016, in the immediate period following the lifting of the crude oil export ban exports of US crude oil were just 490,000 barrels per day with all volumes destined for Canadian refineries. In the first eight months of 2019, total exports surged to average around 2.8 million bpd, a five-fold percentage increase in three years, based on data from the US Energy
https://www.cmegroup.com/education/articles-a...urope.html
Dec 10, 2019 — While US crude has now been shipped to dozens of destinations around the world, a substantial share of exports finds its way to Europe.
US crude oil exports have risen sharply since Congress voted to lift the export ban. In January 2016, in the immediate period following the lifting of the crude oil export ban exports of US crude oil were just 490,000 barrels per day with all volumes destined for Canadian refineries. In the first eight months of 2019, total exports surged to average around 2.8 million bpd, a five-fold percentage increase in three years, based on data from the US Energy
https://www.cmegroup.com/education/articles-a...urope.html
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