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US oil production has increased steadily over the last five years to a record 11.2 million barrels a day in the week to 5 October. However, infrastructure has not kept pace with rising production and filling of national reservoirs.
"Once oil pipelines and terminals are built to connect the Permian to the US Gulf Coast, US crude oil exports will grow significantly," said Harry Tchilinguirian, oil strategist at French bank BNP Paribas at Reuters Global Oil. Forum.
US crude stocks are expected to have risen last week for the fourth consecutive week, of about 1.1 million barrels, according to a Reuters poll before the reports of the American Petroleum Institute (API) and the Energy Information Administration (EIA) of the US Department of Energy. .
The API data is due at 16:30. EDT (8:30 pm GMT) with EIA at 10:30 am (14:30 GMT) on Wednesday.
US equilibrium data showed that Iran's crude oil exports could fall faster than expected, in light of the new sanctions imposed by the United States on Tehran on 4 November.
During the first two weeks of October, Iran exported nearly 1.5 million bpd of crude oil to countries such as India, China and Turkey, according to sources from sector.
This represents a sharp drop from 2.5 million bpd in April, before US President Donald Trump withdrew from a nuclear deal with Iran in May and ordered the reimposition of sanctions. .
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