Post Tagged with: "Houston Galveston port"

Port District of Houston-Galveston is Now Net Exporter of Crude

Port District of Houston-Galveston is Now Net Exporter of Crude

April data confirms flip from importer The U.S. port district of Houston-Galveston in Texas recently began exporting more crude oil than it imported for the first time on record. Crude oil exports from the Houston-Galveston port district have increased since the restrictions on U.S. crude oil exports were lifted at the end of 2015. In April 2018, crude oil exports from Houston-Galveston surpassed crude oil imports by 15,000 barrels per day (b/d). In May 2018, the difference between crude oil exports and imports increased substantially to 470,000 b/d. Total U.S. crude oil exports rose to a record high of 2 million b/d in May. On average since mid-2017, the U.S. port district of Houston-Galveston has accounted for slightly more than half of the crude oil exported from the United States, and the share increased to a record 70% in May.   Source: U.S. Energy Information Administration and U.S. Census Bureau Note: Not included in the map are the[Read More…]