US Crude Oil Exports Hit Record High: EIA

US Crude Oil Exports Hit Record High: EIA

Exports of American crude oil surged last year to a new high, with Europe remaining a major customer for the United States, according to the latest data from the Energy Information Administration (EIA). “U.S. crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million barrels per day (b/d),” the agency said in an April 10 report. Despite the new record, crude oil export year-over-year growth sl…

US crude oil exports reached a new record in 2024

US crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million bpd. Despite this new record, crude oil export year-over-year growth slowed to 1% in 2024, compared with 14% in 2023 and 21% in 2022.

U.S. crude oil exports reached a new record in 2024

U.S. crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million barrels per day (b/d).