Texas is exporting more oil than we import for the first time in history.

Texas is exporting more oil than we import for the first time in history.

 tanker entering the Houston Ship channel

Today the EIA reported : U.S. port district of Houston- Galveston in Texas recently began exporting more crude oil than it imported for the first time on record. Crude oil exports from the Houston-Galveston port district have increased since the restrictions on U.S. crude oil exports were lifted at the end of 2015. In April 2018, crude oil exports from Houston-Galveston surpassed crude oil imports by 15,000 barrels per day (b/d). In May 2018, the difference between crude oil exports and imports increased substantially to 470,000 b/d.

Total U.S. crude oil exports rose to a record high of 2 million b/d in May. On average since mid-2017, the U.S. port district of Houston-Galveston has accounted for slightly more than half of the crude oil exported from the United States, and the share increased to a record 70% in May. A port district is a geographic region defined by U.S. Customs and encompasses several individual U.S. ports of entry. The Houston-Galveston port district includes the port of Houston as well as several other ports along the Texas Gulf Coast, from Galveston to Corpus Christi.

Ongoing efforts to expand crude oil export infrastructure at the ports of Houston and Corpus Christi have allowed for increased export flows.

To read the full report click here.

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