USA at the highest levels of exports of petroleum derivatives. For now, towards Latin America awaiting the European boom
Trade boom in US exports of petroleum derivatives. Exports for the first half of this year were the highest in the EIA's monthly data since 1973 , with distillate fuel oil and liquid hydrocarbon gas (HGL), which includes propane, accounting for the largest volumes. .
U.S. automotive gasoline exports also increased by 11%, hitting a record 910,000 bpd in the first half of 2022, while jet fuel exports more than doubled from the same period a year earlier.
The growing global demand for petroleum-based fuels, with low inventories around the world and the disruption of trade flows after the Russian invasion of Ukraine, resulted in a 19% increase in US exports of distilled fuel between January and June.
At the moment, waiting for the boom in exports to Europe due to sanctions against Russia, the largest flow of exports is towards the Latin American countries that are thirsty for fuels. Instead: "We did not see the expected increase in US exports to Europe, which instead decreased to 71,000 b / d in the first half of 2022, while US spirits exports to Latin America increased to more than 1 million b / d ”, declared the EIA.
At the same time, in the presence of low inventories at home, the Biden administration allegedly urged US refineries to limit fuel exports, according to a letter that Energy Secretary Jennifer Granholm sent last month to seven major companies. refineries, obtained from the Wall Street Journal.
"Given the historical level of exports of refined products to the United States, I urge you once again to focus in the short term on building inventories in the United States, rather than selling current inventories and further increasing exports," Secretary Granholm wrote. in the letter, as reported by the Journal.
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The US article at the top of exports of petroleum derivatives. For now to Latin America waiting for the European boom comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/usa-ai-massimi-di-export-di-derivati-dal-petrolio-per-ora-verso-lamerica-latina-in-attesa-del-boom-europeo/ on Tue, 27 Sep 2022 06:00:58 +0000.