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Wednesday, 21 June 2017 12:00

U.S. petroleum export growing

U.S. petroleum export growing

Product supplied to the U.S. market as well as inventories and exports are also at relatively high levels, Caspian Energy News (www.caspianenergy.net) reports with reference to the Energy Information Agency of the USA. Petroleum product exports for the first week of June 2017 were 831,000 b/d greater than the June 2016 average.

Gross inputs to U.S. petroleum refineries, also referred to as refinery runs, averaged a record high 17.7 million barrels per day (b/d) for the week ending May 26, before dropping slightly to 17.5 million b/d for the week ending June 2 and 17.6 million b/d for the week ending June 9.

Refinery utilization reached 95% for the week ending May 26, slightly lower than the levels reached in mid-July through mid-August 2015.

U.S. refinery capacity has increased by 659,000 barrels per calendar day (b/cd) since mid-August 2015. Refinery capacity—measured in barrels per calendar day (b/cd)—represents the amount of input that a crude oil distillation unit can process in a 24-hour period under usual operating conditions (averaged over the entire year), accounting for both planned and unplanned maintenance.

Similarly, product supplied, a proxy for demand, was greater than the five-year average by nearly 600,000 b/d during the first week of June 2017 but 400,000 b/d lower than at the same time last year. Petroleum product exports were also higher than previous levels. EIA has been publishing weekly petroleum product exports based on near-real-time export data provided by U.S. Customs and Border Protection since August 31, 2016.

More details: https://www.eia.gov/todayinenergy/detail.php?id=31712

Person in charge of the newsline: Fidan Isayeva

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