The Growing Presence of the United States as Energy Exporter

A combination of increased crude oil production and slumping refined product demand has shifted refinery marketing dynamics in the United States. US distillate exports have increased from 1.01 million barrels per day (mbpd) in 2012 versus 172 thousand barrels per day (kbpd) in 2000. Although much attention has been placed on this five-fold increase, gasoline exports have also increased from 162 kbpd in 2000 to 505 kbpd in 2012. These higher transportation fuel exports are indicative of continued shifts in market forces, changing domestic consumption patterns, and reactions to regulatory changes. Download here