While the United States consumes 20 million barrels of crude oil per day, which is the largest consumption volume in the world, its production does not exceed 13 million barrels per day. Until recently, no one would have believed it would be a major oil importer.
Last month, US government data showed that US net imports of Raw oil It fell to 1.1 million barrels a day, the lowest level since records began in 2001. That represents a sharp decline from five years ago, when the United States was importing more than seven million barrels a day..
Among the factors that changed this equation were the penalties imposed Russia Which affected its oil and natural gas exports after its war against Ukraine In addition to the beginning of Washington to withdraw huge quantities of the oil of emergency reserves must counter the rise in petrol prices.
Rohit Rathod, market analyst at energy firm Vortex, said the Russian-Ukrainian crisis has re-stimulated US energy demand, and this should push oil exports to outpace imports late next year, assuming an acceleration in shale oil production.".
The United States must either increase production or reduce consumption to become a crude exporter. US demand for petroleum products is expected to rise 0.7% to 20.51 million barrels per day next year, signaling the need to ramp up production..
The United States already produces more oil than any other country in the world, including Saudi Arabia and Russia.
“>
Sales are recorded US crude oil Other countries now have a record 3.4 million bpd, with exports of around 3 million bpd of refined products such as gasoline and diesel. As promised united state It is the largest exporter of liquefied natural gas and is expected to increase its production volume in the coming years, according to Reuters.
While the United States consumes 20 million barrels of crude oil per day, which is the largest consumption volume in the world, its production does not exceed 13 million barrels per day. Until recently, no one would have believed it would be a major oil importer.
Last month, US government data showed that US net imports of Raw oil It fell to 1.1 million barrels a day, the lowest level since records began in 2001. That represents a sharp decline from five years ago, when the United States was importing more than seven million barrels a day..
Among the factors that changed this equation were the penalties imposed Russia Which affected its oil and natural gas exports after its war against Ukraine In addition to the beginning of Washington to withdraw huge quantities of the oil of emergency reserves must counter the rise in petrol prices.
Rohit Rathod, market analyst at energy specialist Vortex, said the Russian-Ukrainian crisis has re-stimulated US energy demand, and this should push oil exports to outpace imports late next year, assuming a acceleration of shale oil production.
The United States must either increase production or reduce consumption to become a crude exporter. US demand for petroleum products is expected to rise 0.7% to 20.51 million barrels per day next year, signaling the need to ramp up production..
The United States already produces more oil than any other country in the world, including Saudi Arabia and Russia.
