Administration: US crude oil and petroleum product exports hit record high in April
July 8 (Reuters) - U.S. crude oil and petroleum product exports hit a record high in April, the U.S. Energy Information Administration said on Wednesday, as disruptions to energy flows through the Strait of Hormuz due to Iran's war boosted demand for U.S. exports.
Exports in April reached a record high of 13.6 million barrels per day, a 15 percent increase over the previous record set in March.
The Energy Information Administration added in the statement that crude oil exports made up the largest share of total oil exports, averaging 5.6 million barrels per day in April, up 21 percent from the previous record set in December 2023.
The administration said that propane exports made up the second-largest share of record exports in April, exceeding 2 million barrels per day for the first time in monthly data.
Data from the administration indicated that distillate fuel oil exports constituted the third largest share of U.S. exports during the same period, rising to 1.6 million barrels per day, the highest level since July 2017.
U.S. exports of finished petroleum products, which include distilled fuel oil, motor gasoline, jet fuel and petroleum coke, reached their highest level since December 2024.
