The World Can’t Get Enough of US Diesel as Exports Surge
- Latin America is raising imports from the US to relieve crisis
- Exports helps support high refinery runs on the US Gulf Coast
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The US is exporting diesel at the fastest ever rate as the global market’s thirst for fuel remains insatiable.
As much as 1.39 million barrels a day of diesel has left the US Gulf Coast so far this month, around 10% higher than the previous daily record for month set in July, 2017, according to oil analytics firm Vortexa, which began trading the data in 2016. Adding gasoline, fuel exports out of the Gulf Coast topped 2 million barrels a day in the first half of July, also a record.