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</div> </div> </div> </div> </header><div id="rotator"> </div> <script type="text/javascript"> var imgCount = 8; var dir = 'https://web.archive.org/web/20201031163728/https://www.arescotx.com/bgimages/'; var randomCount = Math.round(Math.random() * (imgCount - 1)) + 1; var images = new Array images[1] = "01.jpg", images[2] = "02.jpg", images[3] = "03.jpg", images[4] = "04.jpg", images[5] = "05.jpg", images[6] = "06.jpg", images[7] = "07.jpg", images[8] = "08.jpg", document.getElementById("rotator").style.backgroundImage = "url(" + dir + images[randomCount] + ")"; </script> <div class="container content"> <div class="row"> <div class="col-lg-9 col-md-9 padright"> <h1 class="blogtitle">US Oil Exports Could Soon Hit 2.2 Million BPD</h1> <p style="font-size:11px;">Tuesday, October 17th, 2017 and is filed under <a href="https://web.archive.org/web/20201031163728/https://www.arescotx.com/category/oil-and-gas-current-events/" rel="category tag">Oil and Gas Current Events</a>, <a href="https://web.archive.org/web/20201031163728/https://www.arescotx.com/category/oil-and-gas-interesting-facts/" rel="category tag">Oil and Gas Interesting Facts</a>, <a href="https://web.archive.org/web/20201031163728/https://www.arescotx.com/category/permian-basin-oil-news/" rel="category tag">Permian Basin Oil News</a></p> <p><a href="https://web.archive.org/web/20201031163728/https://www.arescotx.com/wp-content/uploads/oil-tanker-ship-24718818_s.jpg" data-rel="lightbox-image-0" data-rl_title="" data-rl_caption="" title=""><img loading="lazy" class="alignleft wp-image-16490" src="https://web.archive.org/web/20201031163728im_/https://www.arescotx.com/wp-content/uploads/oil-tanker-ship-24718818_s.jpg" alt="US Exporting Crude Oil" width="375" height="237" srcset="https://web.archive.org/web/20201031163728im_/https://www.arescotx.com/wp-content/uploads/oil-tanker-ship-24718818_s.jpg 450w, https://web.archive.org/web/20201031163728im_/https://www.arescotx.com/wp-content/uploads/oil-tanker-ship-24718818_s-300x189.jpg 300w" sizes="(max-width: 375px) 100vw, 375px"/></a>According to Marco Dunand, the chief executive of trading house Mercuria, US oil exports could hit 2.2 million barrels per day in the coming weeks.</p> <p>Speaking at the Reuters Global Commodities Summit, <a href="https://web.archive.org/web/20201031163728/https://www.reuters.com/article/us-commodities-summit-mercuria/record-u-s-oil-exports-set-to-surge-further-mercuria-idUSKBN1CI13F">Dunand said</a>, “I think the volume that’s going to be exported from the U.S. in the next two or three weeks is unprecedented in size.”</p> <p>This coincides with a recent prediction by S&P Global Platts that the US could become a <a href="https://web.archive.org/web/20201031163728/https://www.arescotx.com/us-a-net-exporter-of-oil-by-2023-says-sp-global-platts/">net exporter of oil</a> as early as 2023 as more and more US shale oil hits the global market.</p> <p>In late September of this year, crude oil exports reached a record 1.98 million bpd and that number is expected to rise in late October and early November as the US ships more surplus oil currently stored in tanks across the country.</p> <p>The <a href="https://web.archive.org/web/20201031163728/http://oilprice.com/Energy/Crude-Oil/Who-Are-The-Biggest-Buyers-Of-US-Oil.html">top recipients</a> of US crude oil exports are Canada, the Netherlands, Curacao, China, Italy, and the United Kingdom.</p> <p><a href="https://web.archive.org/web/20201031163728/http://www.txoilinvestments.com/" target="_blank"><img loading="lazy" class="aligncenter wp-image-4720 size-full" src="https://web.archive.org/web/20201031163728im_/https://www.arescotx.com/wp-content/uploads/investing-in-permian-basin-oil.jpg" alt="Investing in Texas Permian Basin Oil" width="600" height="200" srcset="https://web.archive.org/web/20201031163728im_/https://www.arescotx.com/wp-content/uploads/investing-in-permian-basin-oil.jpg 600w, https://web.archive.org/web/20201031163728im_/https://www.arescotx.com/wp-content/uploads/investing-in-permian-basin-oil-300x100.jpg 300w" sizes="(max-width: 600px) 100vw, 600px"/></a></p> <p><span style="color: #ff0000;"><strong>RELATED >></strong></span> <a href="https://web.archive.org/web/20201031163728/https://www.arescotx.com/us-a-net-exporter-of-oil-by-2023-says-sp-global-platts/">US a Net Exporter of Oil by 2023 Says S&P Global Platts</a></p> <p><span style="color: #ff0000;"><strong>RELATED >></strong></span> <a href="https://web.archive.org/web/20201031163728/https://www.arescotx.com/permian-crude-fuels-oil-exports-from-corpus-christi-houston/">Permian Crude Fuels Oil Exports from Corpus Christi & Houston</a></p> <p><span style="color: #ff0000;"><strong>RELATED >></strong></span> <a href="https://web.archive.org/web/20201031163728/https://www.arescotx.com/us-crude-exports-in-2017-could-exceed-some-opec-nations/">US Crude Exports in 2017 Could Exceed Some OPEC Nations</a></p> <p><span style="color: #ff0000;"><strong>RELATED >></strong></span> <a href="https://web.archive.org/web/20201031163728/https://www.arescotx.com/us-oil-exports-on-the-rise/">US Oil Exports on the Rise</a></p> <p><span style="color: #ff0000;"><strong>RELATED >></strong></span> <a href="https://web.archive.org/web/20201031163728/https://www.arescotx.com/permian-basin-scores-with-lifting-of-crude-oil-export-ban/">Permian Basin Scores with Lifting of Crude Oil Export Ban</a></p> <p><a href="https://web.archive.org/web/20201031163728/https://www.facebook.com/arescolp/" target="_blank"><img loading="lazy" class="aligncenter wp-image-17060 size-full" src="https://web.archive.org/web/20201031163728im_/https://www.arescotx.com/wp-content/uploads/follow-aresco-on-facebook.png" sizes="(max-width: 728px) 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