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Monday, December 9, 2019

US Petroleum Exports Exceed Imports In September, 2019

Link here.
In September 2019, the United States exported 89,000 barrels per day (b/d) more petroleum (crude oil and petroleum products) than it imported, the first month this has happened since monthly records began in 1973.
A decade ago, the United States was importing 10 million b/d more petroleum than it was exporting.
Long-running changes in U.S. trade patterns for both crude oil and petroleum products have resulted in a steady decrease in overall U.S. net petroleum imports.
But note:
Despite increasing exports of crude oil, however, the United States remains a net importer of crude oil. The United States continues importing primarily heavy high-sulfur crude oils that most U.S. refineries are configured to process, and more than 60% of U.S. crude oil imports come from Canada and Mexico.
 There was a reason why "we" wanted the Keystone XL.

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