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Though some operators are already eyeing expansion plans, there are limitations, said Carlin Conner, chief executive at SemGroup Corp, which owns the Houston Fuel Oil Terminal. Over the past four weeks, exports averaged 1.7 million bpd, more than triple a year earlier.Įxports could hit 4 million bpd by 2022, an Enterprise Products Partners LP executive told an industry event in Singapore recently. crude production currently at 9.5 million barrels a day and expected to add 800,000 to 1 million bpd annually, export capacity could be tested before long. James/New Orleans - the primary places where crude can be exported - comes to about 3.2 million bpd, according to Kpler, a cargo tracking service.īut with total U.S. A total of the highest loading days across Houston, Port Arthur, Corpus Christi and St. The United States has not come close to that yet. RBC Capital analysts put the figure lower, around 3.2 million bpd. Bottlenecks would hit not only storage and loading capacity, but also factors such as pipeline connectivity and shipping traffic.Īnalysts believe operators will start to run into bottlenecks if exports rise to 3.5 million to 4 million barrels a day. Still, oil export infrastructure will probably need further investment in coming years. Most terminal operators and companies will not disclose capacity, and federal agencies like the U.S.
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How much crude the United States can export is a mystery. But shippers and traders fear the rising trend is not sustainable, and if limits are hit, it could pressure the price of U.S. crude exports have boomed since the decades-old ban was lifted less than two years ago, with shipments recently hitting a record of 2 million barrels a day. FILE PHOTO: Used oil barrels are stacked at a storage facility in Seattle, Washington February 12, 2015.