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A substantial rise in the crude production enabled U.S Shale crude exports to reach its all-time high of 1.76 MMbpd in April. The expected production can go between 2-2.5 MMbpd coming December. Although crude buyers seek to replace Iranian crude supply, challenge arises in terms of transporting the crude to the Gulf Coast because of the pipeline constraints from Permian basin, and the storage hub at Oklahoma.
