While WTI's discounts were largely eroded in December, spreads have
again widened so far in 2019, suggesting exports to the region are likely to
The US sent an average 236,000 bpd of crude to South Korea and 228,000
bpd to China in 2018.
Canada remained the top customer on an annual basis for 2018, but South
Korea took the top spot for December. The US sent an average of 378,000 bpd of
crude to Canada in 2018, with December exports at 431,000 bpd.
December US crude exports to South Korea are up from 351,000 bpd in
November and 50,000 bpd in December 2017.
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