U.S. exports of crude oil and petroleum products reached record in April

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US crude oil and petroleum product exports hit a record high in April, reaching 13.6 million barrels per day. This surge was driven by disruptions in crude oil and refined product flows through the Strait of Hormuz, increasing global demand.

U.S. petroleum exports reached a record in April as disruptions to international crude oil and refined product flows through the Strait of Hormuz increased global demand for U.S. exports. Exports increased to 13.6 million barrels per day (b/d) in April, 15% more than the previous record set in March. Crude oil exports made up the ...