Exports hit all-time high last week
U.S. exports of crude oil are on the rise, and has surpassed 2 MMBOPD in three of the past four weeks, according to the EIA. Preliminary data suggests the U.S. exported 2,566 MBOPD last week, an all-time high.

Overall crude exports have averaged just under 1.7 MMBOPD this year, representing rapid growth. The country exported 1.1 MMBOPD in 2017, and only 0.5 MMBOPD in 2016. Perhaps most impressive about this expansion of exports, though, is that the U.S. is hindered by its ports, which make the process mor...

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