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This Week in Petroleum


  • U.S. crude oil exports to China, the third-largest export destination in 2018, fell by nearly 100,000 b/d to average 133,000 b/d in 2019.
  • The eight destinations in Asia and Oceania represent 1.3 million b/d, or a 43% share of total U.S. crude oil exports in 2019, and the five destinations in Europe represent 779,000 b/d, or a 26% share (Figure 2).
  • In 2019, U.S. exports of crude oil (Figure 3)Increased U.S. crude oil production, which rose 1.24 million b/d in 2019 (11%) over the previous year, allowed for greater volumes of U.S. crude oil exports.



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