NEW YORK: U.S. crude oil exports jumped nearly 91,000 barrels per day in October, mostly due to a major increase to Canada, foreign trade data from the U.S. Census Bureau showed on Friday.
Total U.S. exports were just over 500,000 bpd, according to the data. Exports to Canada were 449,000 bpd, while exports to Italy were 20,000 bpd. Meanwhile, some 17,000 bpd reached Spain and exports to Switzerland were 14,000 bpd.
Of the volume that reached Canada, 420,600 bpd were of domestic origin and 28,400 bpd were was foreign material. All exports to Italy were domestic origin and all exports to Spain and Switzerland were foreign origin.
U.S. Census’s foreign trade oil data is published weeks earlier than closely watched U.S. Energy Information Administration trade figures. The EIA, which bases its numbers on the Census data, will release its monthly crude figures at the end of the month.
