US Distillate Exports Hit Record 1.9 Million Barrels a Day; Inventories Lowest Since 1996
US distillate exports rose to a record 1.9 million barrels a day last week, the fifth consecutive week above 1.5 million barrels, as global diesel supply tightened. Refinery outages near the Gulf, disruptions to surrounding sea lanes, and Ukrainian one-way attack drones striking Russian energy infrastructure boosted shipments from US refiners and Gulf Coast export terminals. Several cargoes were sent to northwest European ports, a region facing a global diesel shortage. US inventories fell to their lowest level since 1996.
Last week, US distillate exports rose to a record as global supply continued to tighten. Refinery outages in the Persian Gulf region, disruptions to nearby sea lanes, and Ukrainian one-way attack drone strikes on Russian energy infrastructure together boosted shipments from US refiners and Gulf Coast export terminals.
Last week, US refiners shipped 1.9 million barrels a day of distillate to overseas customers, the fifth consecutive week above 1.5 million barrels a day. Several recent cargoes were headed to northwest European ports. That region is facing a global diesel shortage, driven mainly by refinery outages near the Strait of Hormuz and Ukrainian attacks on Russian refining capacity. US inventories have fallen to their lowest level since 1996.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Refining & Petrochemicals, with intensity 75/100 and 85% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.