Permian Frenzy Drives U.S. Crude Exports to All-Time High
- Shale output seen pushing exports to 2 million barrels a day
- Sanctions on Iran could increase demand for U.S. barrels
Photographer: Brittany Sowacke/Bloomberg
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Booming U.S. shale production is fueling record crude exports, with shipments reaching an all-time high of 1.76 million barrels a day in April.
That’s up from 1.67 million in March, according to U.S. Census Bureau data released on Wednesday. Total exports reached 52.7 million barrels for the month.