Morningstar Commodities Research recently released a comprehensive report on how the crude export market has developed in the U.S. and what the industry can look forward to in the coming years.

Overall, prospects look fairly robust, although infrastructure—particularly facilities to load VLCC cargoes (2 million-barrel capacity) from docks in Corpus Christi and the Houston region—is needed, as well as a continuing supportive price environment driven by demand and other factors.

Exports averaged 1.7 million barrels per day (MMbbl/d) between Dec. 31, 2017, and May 11. “That is double the 0.8 MMbbl/d average over the same period in 2017,” said the report. “A new weekly record of 2.6 MMbbl/d was set during the week ended May 11.”

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