US Oil Exports Hit New Record In April, Census Data Says

U.S. crude exports surged to a record 1.76 million barrels per day (bbl/d) in April from 1.67 million bbl/d in March thanks to the rising discount for U.S. crude vs. the global benchmark, foreign trade data from the U.S. Census Bureau showed on June 6.

Most of the increase came from Italy and the Netherlands, which received 248,000 bbl/d and 104,000 bbl/d, respectively.

The total export figure was the highest on record since at least 1920, according to U.S. government data.