Uploaded August 2026 | Updated September 2026, 2 weeks ago
U.S. crude oil exports have eased from spring highs because buyer demand, not infrastructure, is the real constraint on barrels leaving the Gulf Coast.
Alex Hodes, Director of Energy Market Strategy at StoneX, explains why record U.S. crude production has not automatically lifted exports and where the real constraints sit.
Hodes works through the pressure points across the Permian Basin, Gulf Coast export terminals, and natural gas takeaway capacity, including why Permian natural gas prices have turned negative. He also covers how Strategic Petroleum Reserve draws set an effective ceiling on exports, and why a widening Gulf Coast waterborne premium shows logistics being pushed toward their limits.
Discover Actionable Energy Insights with StoneX Market Intelligence: shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_alex_hodes&utm_content=share
Permian Gas Has Become the Awkward Byproduct of America's Oil Boom: stonex.com/en-us/insights/permian-gas-has-become-the-awkward-byproduct-of-america-s-oil-boom
0:00 Record Output, Falling Exports
0:53 Why Demand Now Sets the Pace
2:17 Permian Gas Goes Negative
4:11 SPR Draws Set the Ceiling
5:59 Waterborne Premium Warning
7:03 Who Really Wins the Squeeze
Like and subscribe for more financial market insights.
#CrudeOil #StoneX #AlexHodes #NaturalGas
U.S. crude oil exports have eased from spring highs because buyer demand, not infrastructure, is the real constraint on barrels leaving the Gulf Coast.
Alex Hodes, Director of Energy Market Strategy at StoneX, explains why record U.S. crude production has not automatically lifted exports and where the real constraints sit.
Hodes works through the pressure points across the Permian Basin, Gulf Coast export terminals, and natural gas takeaway capacity, including why Permian natural gas prices have turned negative. He also covers how Strategic Petroleum Reserve draws set an effective ceiling on exports, and why a widening Gulf Coast waterborne premium shows logistics being pushed toward their limits.
Discover Actionable Energy Insights with StoneX Market Intelligence: shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_alex_hodes&utm_content=share
Permian Gas Has Become the Awkward Byproduct of America's Oil Boom: stonex.com/en-us/insights/permian-gas-has-become-the-awkward-byproduct-of-america-s-oil-boom
0:00 Record Output, Falling Exports
0:53 Why Demand Now Sets the Pace
2:17 Permian Gas Goes Negative
4:11 SPR Draws Set the Ceiling
5:59 Waterborne Premium Warning
7:03 Who Really Wins the Squeeze
Like and subscribe for more financial market insights.
#CrudeOil #StoneX #AlexHodes #NaturalGas
