U.S. daily Crude Exports RECORD 4.462 Million Barrels/Day week ending 12/27

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TOTAL CRUDE and PRODUCT EXPORTS 10.134 Million/day.

 U.S. Imports of Crude and Products continue to decrease. 

U.S. Crude Exports limited only by export terminal facilities. Look out when Gulf of Mexico VLCC Crude Exports terminals come online.

Major oil exports increases will be coming from  

1.UNITED STATES,

2. SOUTH AMERICA (Argentina, Brazil, Suriname, Guyana, Venezuela, and Columbia) ,

3. Western Africa .  .  .  .

.  .  .  .  .  and OPEC+ knows it.  

All of OPEC HAS PLANS TO INCREASE PRODUCTION (Libya, Iraq, Iran, Bahrain, Kuwait, Saudi Arabia, Russia, Azerbaijan. etc. 

Can they keep the FEAR FACTOR up indefinitely ?  Maybe ? 

Sense of urgency to sell their oil asap as governments will legislate green mandates and laws, electric vehicles take off, and oil production grows faster than demand. 

 

Edited January 5, 2020 by Jabbar

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Just now, Jabbar said:

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