Mexico and international locations in Central and South America continue to be main recipients of U.S. petroleum product exports.
Exports of distillate gas oil characterize the most important element of U.S. petroleum product exports, and averaged 1.19 million b/d in 2015, an increase of eighty five,000 b/d from 2014. The United States exported distillate gasoline to 88 completely different nations in 2015. The highest destination for U.S. distillate exports was Mexico, averaging 143,000 b/d in 2015, an increase of 15,000 b/d from the previous year. Distillate exports to Central and South America averaged 595,000 b/d in 2015, up 10,000 b/d from the previous yr. Chile was the region’s largest single importer of U.S. distillate in 2015, averaging 101,000 b/d.
As continued high U.S. refinery runs and a warmer-than-regular heating season combined to push U.S. distillate inventories above the five-12 months average and combined to push costs lower, exports of distillate to Western Europe also elevated. In the third and fourth quarters of 2015, distillate exports to Western Europe elevated yr-over-12 months by eighty,000 b/d and 136,000 b/d, respectively. Increased U.S. exports contributed to excessive distillate inventories in the key refining and petroleum hubs of Amsterdam and Rotterdam within the Netherlands, and Antwerp in Belgium, collectively recognized as the ARA.
Motor gasoline was the second-largest U.S. petroleum product export in 2015, averaging 618,000 b/d and exported to 102 completely different countries, up 68,000 b/d from 2014. As with distillate, Mexico is the largest recipient of U.S. motor gasoline exports, averaging 307,000 b/d in 2015. Central and South America are additionally a major vacation spot for U.S. motor gasoline exports, receiving 228,000 b/d in 2015, up 29,000 b/d from 2014. U.S. exports of motor gasoline to Africa decreased by 28,000 b/d in 2015 compared with 2014, mostly because of decrease exports to Nigeria, one in all Africa’s largest gasoline importers, as fuel import program reforms came about in that country.
U.S. exports of propane almost matched these of motor gasoline at 615,000 b/d in 2015, up 193,000 b/d from the previous 12 months. Low U.S. propane costs have encouraged the expansion of propane export capability since 2013. In contrast to exports of distillate and motor gasoline, U.S. propane exports are destined primarily for Asia, averaging 220,000 b/d in 2015, an increase of 138,000 b/d over 2014. Asia is predicted to be the leading supply of world propane consumption progress, with an expanding petrochemical sector as the main driver.
Among the imports from the United States in the region encompassing Central and South America in 2015 mirrored supply constraints which might be likely to be temporary. For example, Ecuadorian demand for U.S. gasoline elevated while PetroEcuador’s 110,000 b/d Esmeraldas refinery was closed for a lot of the year for a significant upgrade. Colombian demand for U.S. gasoline and distillate provides elevated after a reduction in provide from neighboring Venezuela and after delays in the opening of Ecopetrol’s new 165,000 b/d refinery in Cartagena. Provides from the brand new and upgraded refineries in Ecuador and Colombia, together with Petrobras’s new 230,000 b/d Abreu e Lima refinery in Brazil, have the potential to scale back that country’s want for gasoline and distillate imports from the United States.