AFPM: US exports of refined products likely sustainable

Wood Mackenzie analysts expect US exports of refined products to increase based in part on the outlook for US tight oil supplies, a WoodMac spokesman told the American Fuel & Petrochemical Manufacturers annual meeting Mar. 13 in San Diego. Alan Gelder, head of WoodMac oils research from London, told an AFPM technical session on strategic issues that US refined products moved to a net surplus during 2011 after decades of the US being a net importer. "The position of the US as a net exporter of oil products has arisen during a time in which demand has dropped by almost 1.9 million b/d from its peak in 2005 with 2011 demand being approximately 150,000 b/d below 2010 levels," Ge...

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