U.S. Crude Oil Exports Reached a Record in 2023
The top regional destinations for U.S. crude oil exports since 2018 have been Europe as well as Asia and Oceania.
U.S. crude oil exports established a record in 2023, averaging 4.1 million barrels per day (b/d), 13% (482,000 b/d) more than the previous annual record set in 2022. Except for 2021, U.S. crude oil exports have increased every year since 2015, when the U.S. ban on most crude oil exports was lifted.
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