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US crude exports hit record high in September

US crude exports

US crude exports rose by about 35,000 b/d in September over August according to the US Census Bureau. Bloomberg News photo by Carter Smith.

US crude exports up to 692,000 b/d

NEW YORK, Nov 4 (Reuters) – US crude exports rose to about 692,000 barrels per day in September, the highest on record, from about 657,000 b/d in the previous month, foreign trade data from the U.S. Census Bureau showed on Friday.

Canada took in the most exports at 243,000 b/d, followed by Singapore at 99,000 b/d. Exports to Europe were also high, with Italy receiving some 81,000 b/d and Spain 41,000 b/d. Other prominent destinations included South Korea and the Netherlands.

The previous record was set in May when the United States exported about 662,000 b/d, according to U.S. government data. U.S. crude exports have climbed since the lifting of a decades-old ban late last year.
The discount of U.S. crude to Brent crude had widened to as much as $2.67 a barrel in late August, the widest since February.
The U.S. Energy Information Administration will release its closely watched monthly crude figures, which are based on the U.S. Census data, at the end of this month.
(Reporting by Devika Krishna Kumar in New York; Editing by Paul Simao)
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