40 % of US petroleum product exports didn’t grow since 2011
This is another post in the series on how US tight oil has impacted on global oil markets. This time we look at US petroleum product exports.
(1) Destination of US product exports
Fig 1: US petroleum product exports by destination and type of growth
Data source: http://www.eia.gov/dnav/pet/pet_move_expc_a_EP00_EEX_mbblpd_a.htm
Exports started to grow already in 2005, a year which appears in many graphs as a turning point. While the growth looks impressive, around 40% of US exports no longer increased since 2011, a year after the very beginning of the tight oil boom (see 1,500 kb/d grid line in Fig 1)
Note that in all graphs of this post 2014 figures have been estimated with data up to October 2014, without seasonal adjustments.
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