US crude export reaches new record-high

The US export of crude oil reached its highest level in 57 years this July. The export has remained high up until October, according to a report from the US Energy Information Administration, EIA.

Photo: BW Shipping

The export of crude oil from the US has increased steadily since April, says the EIA in a new report. In July the export reached a new record-high, as it grew to the highest level in 57 years, and the month also brought the highest monthly export volume since July 1920, when the EIA began to survey the sale of US crude oil.

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