U.S. Crude Oil Exports Are Surging. Where Are They Going?

[sujitpawarsoldier]

India is best market for US crude oil🇮🇳

[quickster]

Amazing, that's how it should be. The military should not get all domestically produce crude oil.

[dertythegrower]

Since starting 2016... who would that be? LOL bloom berg wont admit it.

[MrMustangMan]

The United States produces a large share of the petroleum it consumes, but it uses imports to help supply domestic and international markets....
In 2019, the United States produced about 19.25 million barrels per day (MMb/d) of petroleum, and it consumed about 20.46 MMb/d. Imports from other countries help to supply domestic demand for petroleum. Some of the crude oil that the U.S. imports is refined by U.S. refineries into petroleum products (such as gasoline, heating oil, diesel fuel, and jet fuel) that the U.S. exports. Some of imported petroleum may be stored and subsequently exported.

The United States imported about 9.10 MMb/d of petroleum in 2019 from about 90 countries, which included 6.8 MMb/d of crude oil and 2.3 MMb/d of non-crude petroleum liquids and refined petroleum products. This was the lowest level of total petroleum imports since 1996.

U.S. exports of petroleum have increased significantly in recent years....
Because the United States imports petroleum, it may be surprising that it also exports petroleum. In 2019, the United States exported petroleum to about 190 countries. U.S. total petroleum exports averaged about 8.5 MMb/d, which included nearly 3 MMb/d of crude oil, equal to about 35% of total petroleum exports.

U.S. petroleum net imports in 2019 were the lowest since 1954....
Net imports (gross imports minus gross exports) of petroleum relative to petroleum consumption is one measure of the use of imports to help meet petroleum demand. After generally increasing every year from 1954 through 2005, U.S. total gross and net petroleum imports peaked in 2005. Even though consumption and imports have increased slightly in recent years, increases in domestic petroleum production and increases in petroleum exports have helped to reduce total annual petroleum net imports every year since 2005. In 2019, petroleum net imports averaged about 0.6 MMb/d, the equivalent of 3% of total U.S. petroleum consumption.

[dertythegrower]

Since 2016.. guess who started that... Great for jobs, who would that be Bloomberg? Care to admit you are biased again? lol Your boss will never admit reality.

[petername]

What about climate change 😉
Joe Biden 😉