U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war

U.S. crude oil exports hit a record 5.2 million barrels per day in April, according to Kpler. The surge reflects strong demand from buyers in Asia and other regions seeking U.S. crude as an alternative to Middle East supply disrupted by the Iran war. The data points to tighter global oil trade flows and a supportive backdrop for U.S. export volumes.

Analysis

U.S. crude oil exports hit a record 5.2 million barrels per day in April, according to Kpler. The surge reflects strong demand from buyers in Asia and other regions seeking U.S. crude as an alternative to Middle East supply disrupted by the Iran war. The data points to tighter global oil trade flows and a supportive backdrop for U.S. export volumes.