U.S. Fuel Exports to Double by 2015, Wood Mackenzie Forecasts

U.S. exports of gasoline, diesel and other fuels will more than double in the next three years as refiners take advantage of a growing supply of domestic crudes and ship more fuel to emerging markets, according to research firm Wood Mackenzie Ltd.

Exports will rise by 450,000 barrels a day by 2015 as domestic demand shrinks and more products are sent to Latin America, Africa and other regions where fuel use is increasing, Alan Gelder, head of downstream consulting at Edinburgh-based Wood Mackenzie, said during a presentation at an American Fuel and Petrochemical Manufacturers conference in San Diego.