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ConocoPhillips vs PDVSA - Round 2


  • U.S. crude oil production increased 1.6 million b/d from 2017 to 10.9 million b/d in 2018, with the U.S. Gulf Coast—where more than 90% of U.S. crude oil exports depart from—producing 7.1 million b/d.
  • In the first half of 2018, the United States exported 376,000 b/d of crude oil to China, which made China the largest single destination for U.S. crude oil exports for that period.
  • U.S. crude oil exports to other destinations in Asia also increased, particularly to Taiwan, which rose 111,000 b/d (168%) in the second half of 2018 compared with the first half, and to India, which increased 86,000 b/d (97%) during the same period.


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