US CRUDE EXPORTS TO EUROPE HIT A RECORD 1.2 MN B/D IN JANUARY, OVERTAKING ASIA FOR THE FIRST TIME IN NINE MONTHS ('000 B/D)
 
IN ASIA, THE US HAS DEVELOPED A WIDER SLATE OF BUYERS SINCE CHINA HALTED PURCHASES IN AUGUST. THAILAND TOOK A RECORD 169,000 B/D IN JANUARY
*SOME ‘NETHERLANDS’ VOLUMES APPEAR TO END UP IN GERMANY. SOURCE: EIA, US CUSTOMS, MEES. SEE P6 FOR ANALYSIS.