Baku, Azerbaijan, Dec.28
By Leman Zeynalova – Trend:
The number of countries receiving exported US crude oil has risen since the removal of restrictions on exporting US crude oil in December 2015, said the country’s Energy Information Administration (EIA).
Based on the latest available data, US crude oil exports averaged 501,000 barrels per day in the first five months of 2016, or 43,000 barrels per day (9 percent) more than the full-year 2015 daily average, according to EIA.
US exports of crude oil had already increased significantly before the lifting of crude oil export restrictions. These exports were mostly to Canada, which was excluded from the previous restrictions.
From 2000 to 2013, US exports rarely surpassed 100,000 barrels per day. By 2015, the United States was exporting 422,000 barrels per day to Canada and a total of 26,000 barrels per day to five other countries.
US crude oil exports to countries other than Canada have surpassed exports to Canada in two months in 2016. In March, total crude oil exports to countries other than Canada reached 259,000 barrels per day, or 10,000 barrels per day more than crude oil exports to Canada.
In May, total U.S. crude oil exports to countries other than Canada reached 354,000 barrels per day, or 46,000 barrels per day more than crude oil exports to Canada.