Weekly US crude exports averaged 2.62 million b/d of the week ended Feb. 5, down 866,000 b/d from the week prior, US Energy Information Administration data showed Feb. 10, as flows to Europe face steep competition from more competitive North Sea and West African barrels. The four-week moving average of export volumes also fell, dropping …
The post US crude exports fall on week; arbitrage to Europe under pressure first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John