U.S. Petroleum Exports Went UP in 1H20…Thanks to NGLs

In the first half of 2020, the U.S. exported 5.4 million barrels per day (bpd) of petroleum products, a slight increase of 48,000 bpd (1%) from the first half of 2019. Wait, what? Exports went UP and not down? Even though the entire world shut down and used far less fossil fuels during 1H? That’s right. The reason we exported slightly more petroleum products is because NGLs (natural gas liquids) are part of those numbers, and the world kept using NGLs, like propane and ethane, even during the COVID shutdown.

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