Domestic Crude Oil East: Lightering Glitch

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Crude oil exports from the US Gulf average 2.79 million barrels per day so far in June, marking the fastest monthly pace in our records. They are up 158,000 bpd, or 6 percent, month-on-month, bringing the average for the second quarter to 2.61mn bpd so far, surpassing the first quarter’s pace by more than 4 percent.