Exports broke 2 MM for first time last week
U.S. exports of crude oil have been reaching new heights, driven by favorable prices and expanding capacity.

U.S. exports of oil have been gradually rising since the export ban was lifted in late 2015, but have skyrocketed in the past month. The U.S. sent an average of just under 500 MBOPD abroad in 2016, which was, at the time, a record high. Exports rose to an average of 775 MBOPD from January to August this year, before dropping drastically in the aftermath of Hurricane Harvey.

According to ...

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