US Crude Oil Exports Increase 45 percent in 2019

The U.S. Energy Information Administration (EIA) revealed Wednesday that U.S. crude oil exports averaged 2.98 million barrels per day (bpd) last year.

This marked an increase of 930,000 bpd, or 45 percent, from 2018, according to the EIA, which noted that the growth was driven by increasing production, expanding domestic infrastructure and increased global demand for light, low-sulfur crude oils.

The number of destinations for U.S. crude oil exports increased from 41 to 44 in 2019, the EIA highlighted. Canada received the largest share of total 2019 U.S. crude oil exports at 15.4 percent, followed by South Korea, which took in 14.3 percent and the Netherlands, which took in at 9.4 percent, according to the EIA.