US petroleum exports grow

According to the U.S. Energy Information Administration, the U.S. exported 4.7 million barrels per day (b/d) of petroleum products in the first half of 2016, accounting for 10 times the crude oil volume. The U.S. exported 500,00 b/d fewer products in the first half of 2015.

Propane exports increased by more than 230,000 b/d. Distillate increased by 50,000 b/d while gasoline went up by almost 140,000 b/d. The numbers showed that propane became the second-largest petroleum product export in the U.S. after distillate, surpassing motor gasoline.

The specific countries receiving the exports were largely the same as 2015. Mexico, Canada and the Netherlands we the largest recipients.

Pipeline outage has large effect on Southeast, Gulf Coast gasoline stock

Colonial Pipeline Line 1 was disrupted between Sept. 9 and 21, causing record changes in motor gasoline stocks in the Lower Atlantic and Gulf coast states for the week ending Sept. 16, noted the EIA. Since the Lower Atlantic has high demand with no petroleum refineries, the pipeline is especially important to the region and serves as the largest gasoline supply pipeline linking the region to the Gulf Coast.

Total motor gasoline stocks in the Lower Atlantic states dropped from 28 million barrels to 22 million barrels in the week ending Sept. 16. It is the largest draw on inventories in the region since June 2003.

Data indicate that the Lower Atlantic region is being resupplied because Gulf Coast gasoline stocks increased by almost 4.8 million barrels in the same time period.