Trump Meets With Top Officials On Pipeline Expansions

Oil market research firm Kpler estimates that U.S. crude oil exports will reach approximately 5.2 million barrels per day in April, up from about 3.9 million barrels per day in March, according to a report published last week.

Kpler analyst Matt Smith described the surge in inbound vessels as an “armada of tankers heading this way,” reflecting a sharp increase in activity along the U.S. Gulf Coast.

Trump said Saturday that U.S. oil production exceeds the combined output of Saudi Arabia and Russia, the world’s next two largest producers, and added that the incoming fleet would be processed with a “quick turnaround.”