Crude exports from the U.S. continue to gain ground as record-breaking production from U.S. shale propels a tsunami of pipeline projects along the Gulf Coast.

U.S. crude exports soared last year, rising 73% to average 2 million barrels per day (bbl/d), according to a Morningstar Commodities Research note published March 18, which noted this could grow further as the International Energy Agency forecast U.S. crude exports to double by 2024.

The country’s surge in crude exports comes after a decades-long export ban on U.S. crude oil ended in 2015. And, as a result, the U.S. is now third behind Russia and Saudi Arabia in crude exports.

To read the full story

Select an option below:

Tap into unmatched coverage of the oil and gas industry’s entire landscape.

Get Access See more offers

Already have an account?

Sign In

Looking for Newsletters?

Manage preferences