U.S. petroleum product exports rose slightly in the first half of 2019

In the first half of 2019, the United States exported an average of 5.47 million barrels per day (b/d) of petroleum products, an increase of 19,000 b/d (0.3%) from the first half of 2018 and the slowest year-over-year growth rate for any half year in 13 years. Two factors that likely contributed to lower exports were lower U.S. refinery runs in the first half of 2019 compared with the first half of 2018 and slowing global economic growth, which is limiting demand for petroleum products. In the first half of 2019, increased exports of propane and distillate offset decreased exports of all other petroleum products. Source: Today in Energy – U.S. petroleum product exports rose slightly in the first half of 2019

Continue reading U.S. petroleum product exports rose slightly in the first half of 2019. This article appeared first on CTRM Center.

Source: CTRM Center

Related Posts

Leave a reply