US crude oil exports have retreated so far in 2025. In its latest weekly report, shipbroker Banchero Costa said that “after a modest upturn in 2024, when global crude oil loadings increased by +0.8% y-o-y, things got quieter in 2025. In Jan-Sep 2025, global crude oil loadings increased by +0.6% y-o-y to 1,652.2 mln tonnes, …