U.S. Crude Exports Surge to a Record
- U.S. crude output rises above 9 million barrels a day
- Domestic refiners using all the local supply they can: analyst
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Another week, another record for U.S. crude exports.
Producers and traders shipped out 1.21 million barrels of crude a day from the U.S. in the week that ended February 17, the most in Energy Information Administration data going back to 1993. Domestic output increased to 9 million barrels per day last week, the fastest pace since April, while U.S. refiners used the least crude since October 2015.