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Ben Geman Oct 19
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The U.S. export surge

Note: "Other oils" includes natural gas liquids other than propane, as well as other petroleum products such as lubricants and unfinished oils; Data: Energy Information Administration; Chart: Chris Canipe / Axios

The Energy Information Administration issued a report yesterday that shows exports of crude oil and refined petroleum products reached record levels in the first half of 2017.

Why it matters: The data signals how the U.S. has become a major player in global petroleum markets. The expansion of crude oil exports is especially noteworthy — the lifting of the crude export ban in late 2015 combined with the shale oil surge has enabled a major rise in U.S. crude shipments.