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Posted September 24, 2018Today in Energy

Crude oil was the largest U.S. petroleum export in the first half of 2018 ›

Crude oil surpassed hydrocarbon gas liquids (HGL) to become the largest U.S. petroleum export, with 1.8 million barrels per day (b/d) of exports in the first half of 2018. U.S. crude oil exports increased by 787,000 b/d, or almost 80%, from the first half of 2017 to the first half of 2018 and set a new monthly record of 2.2 million b/d in June. Much of this crude oil went to destinations in Asia and Oceania such as China, South Korea, and India. Europe was the second-largest market for U.S. crude oil exports, led by Italy, the United Kingdom, and the Netherlands. Canada was the only major U.S. crude oil export destination where exports decreased, down slightly in the first half of 2018 compared with the same period in 2017. More

Brazil total petroleum and other liquids production

Source: EIA, Petroleum Supply Monthly

Data Highlights

Retail gasoline price

9/24/2018: $2.844/gal

up$0.003 from week earlier
up$0.261 from year earlier

Retail diesel price

9/24/2018: $3.271/gal

up$0.003 from week earlier
up$0.483 from year earlier

WTI crude oil futures price

9/21/2018: $70.80/barrel

up$2.21 from week earlier
up$20.39 from year earlier

Natural gas futures price

9/21/2018: $2.976/MMBtu

up$0.159 from week earlier
down$0.118 from year earlier

Weekly coal production

9/15/2018: 14.537 million tons

up0.392 million tons from week earlier
down0.256 million tons from year earlier