US crude exports top 3 million b/d last week, but high freight rates still loom

An Oct. 20 report from the US Energy Information Administration showed a more than 500,000 b/d uptick in weekly US crude exports over the week ended Oct. 15, but a narrowing Brent/WTI spread and rising freight rates continue to put pressure on US export economics. Crude exports in the week ended Oct. 15 were reported … Continue reading US crude exports top 3 million b/d last week, but high freight rates still loom