Most of the exports are likely to come from the US Gulf coast (USGC). US exports in January totalled around 746,000 b/d, more than double levels of 364,000 b/d in January 2016, US government data show.

The transaction represents ending net investment (ENI) of approximately $4.4 billion as of the end of the fourth quarter of 2016.

Total cumulative oil production since the start of 2017 is now in excess of 679,000 tonnes (five million barrels).

API President and CEO Jack Gerard called President Trump’s “Energy Independence” executive order an important step forward in restoring common sense regulations that are needed to advance the U.S. energy renaissance.