Tag: Oil Export

News and Policies, U.S.

US Exported More Oil Than it Imported For the First Time in Over 70 Years

November 18, 2019

Via: Energy Collective

Based on preliminary data and model estimates, EIA (US Energy Information Agency) estimates that the United States exported 140,000 b/d more total crude oil and petroleum products in September than it imported; total exports exceeded imports by 550,000 b/d in […]

News and Policies, World

America is Set to Transcend Saudi Arabia in a ‘remarkable’ Oil Milestone

April 1, 2019

Via: Energy Collective

Saudi Arabia has been the world leader in the export of oil and liquids, ever since it first begins selling oil in the 1950s – after America told them how to harvest it and volunteered to be their biggest customer. […]

Commercialization, Conventional Fuels

EIA: OPEC oil export revenues set to increase

September 19, 2018

Via: Energy Global

Increases in both crude oil prices and in net OPEC oil exports drove revenues higher in 2017, and the EIA expects that revenues will continue to increase in 2018, based on its August ‘Short-Term Energy Outlook’. The EIA projects that […]

Commercialization, Conventional Fuels, News and Policies, U.S.

Trump foreign policy and global hot spots could keep the oil rally going, analysts say

January 2, 2018

Via: CNBC energy

Oil prices appear poised to level off after a nearly six-month rally pushed futures to 2½-year highs at the close of 2017, analysts say. But several geopolitical hot spots could keep the run-up in the energy complex alive. The oil […]

Energy Economics

The Great U.S. Oil Export Boom

May 22, 2017

Via: Forbes

Once unthinkable, in December 2015 the U.S. decided to lift the nation’s 40-year ban on crude oil exports driven by a boom in domestic drilling and production. Until then, our crude exports just went to Canada, awarded an exemption to import […]