• Home
  • About Us
    • Previous Issues
    • Submissions
    • Contact Us
  • Subscribe
  • Advertise
    • Audience
    • Editorial Calendar
    • Sizes & Specs
  • Jobs
    • View Open Positions
    • List Your Job

Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

  • News
    • Legislative Matters
    • PBPA
    • People
  • Trade Talk
    • Automation, Controls and Measurement
    • Environmental, Safety and Training
    • Fracking, Frac Sand and Water
    • Infrastructure
    • Pipe and Pipe Service
    • Technology
    • Wireline and Testing
  • Business & Analysis
    • Industry Analysis
    • Mergers and Acquisitions
    • The Financial Picture
  • Drilling Deeper
  • Permit Map
  • Fun
    • Oil Patch Tales
    • History
    • Workovers
  • Subscribe

Rystad: Oil exports from Gulf Coast reach all-time high in 2022Q2

June 30, 2022 by PBOG

Oslo-based research firm Rystad Energy said last week oil exports from U.S. Gulf Coast are expected to reach an all-time high of 3.3 million barrels per day in 2022Q2 as refining capacity disruptions limit operators’ ability to meet demand and supply is boosted by release from strategic petroleum reserve.  More than 95 percent of U.S. crude oil exports pass through Gulf Coast ports in Louisiana and Beaumont, Corpus Christi, Houston and Port Arthur in Texas.  The previous record was 3.2 million b/d in 2020Q1.  Corpus Christi leads the ports with 1.86 million b/d in 2022Q2 after 1.7 million b/d in 2022Q1.

“Domestic refining capacity in the U.S. remains depressed compared to pre-covid levels,” Artem Abramov of Rystad said.  “So it’s no surprise that government intervention to support crude supplies has resulted in an increase in exports of domestically produced light barrels.  It means the U.S. is able to support global markets amid the most challenging energy crisis in at least 30 years.”

Rystad said Gulf Coast exports are expected to reach 4 million b/d in 2023.

 

Filed Under: PBOG Newsletter

Subscribe to PBOG

Subscribe: Newsletter | Magazine

February 2023

February 2023

Read the most recent issue of PBOG on your computer, iPad, Kindle, phone or other electronic reader.

If you'd like to view our previous issues, click here.

Connect with us online.

Facebook spacer Twitter spacer LinkedIn
Privacy Policy

Cookie Policy

Permian Basin Oil and Gas Magazine

3457 Curry Lane
Abilene, TX 79606
325.673.4822
pbog@zacpubs.com

Search PBOG.com

© 2023 · Zachry Publications