US Oil Exports to Hit 5 Million Barrels a Day Amid Global Crunch
Storage tanks on the Houston Shipping Channel in La Porte, Texas.
Photographer: Mark Felix/BloombergUS Gulf Coast crude exports are poised to reach a record 5 million barrels per day in May as Asian buyers snap up cargoes from the Atlantic basin to offset the loss of Middle Eastern supply.
Crude shipments for April are already inching toward about 4.9 million barrels a day based on current loadings, up from roughly 3.97 million barrels a day in March.