U.S. Now Exports Crude Oil to More Places Than It Imports
As U.S. crude oil export volumes have increased to an average of 2.8 million barrels per day (b/d) in the first seven months of 2019, the number of destinations (which includes countries, territories, autonomous regions, and other administrative regions) that receive U.S. exports has also increased.
#iiot #automation
Share
In 2009, the U.S. imported crude oil from as many as of 37 sources per month. In the first seven months of 2019, the largest number of sources in any month fell to 27. As the number of sources fell, the number of destinations for U.S. crude oil exports rose. In the first seven months of 2019, the U.S. exported crude oil to as many as 31 destinations per month.
This rise in U.S. export destinations coincides with the late 2015 lifting of restrictions on exporting domestic crude oil. Before the restrictions were lifted, U.S. crude oil exports almost exclusively went to Canada. Between January 2016 (the first full month of unrestricted U.S. crude oil exports) and July 2019, U.S. crude oil production increased by 2.6 million b/d, and export volumes increased by 2.2 million b/d.
RELATED CONTENT
-
Paint & Coatings
A walk through a typical valve distributor’s warehouse will yield a contrasting view of either silver or black products.
-
General Considerations for Control and Choke Valves Used in Offshore Oil and Gas Production
The application of control and choke valves used in offshore oil and gas production is a very broad field and in this article, some of the main considerations for valve selection will be addressed.
-
New Requirements for Actuator Sizing
After decades of confusion, the American Water Works Association has created new standards for actuator sizing that clear up some of the confusion and also provide guidance on where safety factors need to be applied.
 Unloading large gate valve.jpg;maxWidth=214)