Argus Crude Forum,
North American crude exports to Asia-Pacific
North American Crude Exports to Asia-Pacific
US crude exports are accelerating in the wake of Hurricane Harvey, as several refiners in Japan, India and Singapore for the first time join Asia-Pacific’s largest oil companies in buying North American supplies.
Chinese refiners are also expanding their intake after flood-related refinery shutdowns around Houston last month reduced domestic demand for US crude, improving the economics of long-haul shipments of grades such as WTI Houston to Asia-Pacific.