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U.S. Net Petroleum Exports Hit Highest Ever In February

The United States was a net exporter of crude oil and petroleum products last month, with the four-week average net imports at a negative 907,000 barrels per day (bpd) in the last week of February, the lowest ‘imports’ level in EIA data dating back to 1973, according to EIA’s weekly data on net imports of crude oil and petroleum products.

Since the start of 2020, the U.S. was a net exporter of crude and petroleum products in each of the weeks in January and February, EIA data shows.

The United States exported more crude oil and petroleum products than it imported in September 2019—the first month in which America was a net petroleum exporter since monthly records began in 1973, the U.S. Energy Information Administration (EIA) said at the end of last year.

In September 2019, the U.S. exported 89,000 bpd more crude oil and petroleum products than it imported, due to surging U.S. crude oil production and the lifting of export restrictions in 2015, and to continuously growing oil products output and exports, the EIA said in December 2019.

On an annual basis, the United States will become a net oil and oil product exporter this year, thanks to continued growth in production combined with slacker domestic demand, the EIA said in its 2020 Annual Energy Outlook in January.

Despite the ‘net petroleum exporter’ status, the U.S. continues to be a net importer of crude oil—it continues to import more volumes of crude oil than it exports.

In November 2019, the latest monthly data, America imported 5.8 million bpd of crude oil and exported 3.0 million bpd of crude, the EIA said last month.  

Moreover, despite the fact that the United States is now a net petroleum exporter as a whole, most regions other than the U.S. Gulf Coast region remain net petroleum importers, the EIA noted.


By Tsvetana Paraskova for Oilprice.com

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  • Aceof Spades on March 08 2020 said:
    The only reason why TESLA stock soared since December was because Saudi Arabia sold its shares. The same people who were inflating TESLA stock ten times beyond reasonable value will now get rich on COVID-19. They had an operative inside China who caused the release of the virus from the lab....and then China scrambled to contain it as millions and millions of vaccines were manufactured and administered to the population....effectively blocking its spread in China.

    The Illuminati knew which stocks to buy, which stocks to sell...and they will buy more after the market hits bottom. This outbreak will also degrade the China-Russia-Iran alliance, so more icing on Illuminati's cake. In the meanwhile, lots of sick and weak people will die all over the world...all thanks to the Illuminati....and the very predictable nature of the Chinese government of keeping this virus...and the vaccine...secret...and the Illuminati counted on this.

    It was important for the many millions and millions of Chinese people who were inoculated with the China engineered COVID-19 vaccine to stay isolated for two to three weeks after receiving the vaccine in order for it to become effective. Happy New Year, Xi. The Illuminati thank you for being such a rat....just as they knew you would be. Elooon is all smiles....as people are suffering and dying from his mentors' actions....and he knows it. So riddle me this Elooon....what's gonna happen to you and your Illuminati friends when the truth surfaces? Remember this.....all you had to do was place cancer warning labels on those electric motors more powerful than 400 swimming pool pumps that you stuff under the children's seats in your TESLA death traps.... but you refused....so here we are.

    So in a few weeks China will announce that it finally has an effective vaccine and that it can start vaccinating the Chinese people….even though China has had it all along and China has already been inoculating its population. China has to put on this charade so that the world community will not suspect that a significant portion of China's population has already been vaccinated. But China is running out of time…. because there is no way in hell that China has contained this very contagious virus without a vaccine.

    So now we just wait for China to announce that it will start vaccinating its people in a few weeks….because that’s the only way China could cover up the fact that China has already vaccinated many of its people…..and then of course the very noble China will share its vaccine miracle with the world and Xi will be the good guy…..a superhero…..and the US Democrats will be in nirvana because China will be the world’s shining star….even though the socialist leadership (that also controls the US Democrat Party) will know the ugly truth about China….because the same socialist leadership knows that the release of this virus was no accident….just like the release of all the IRS data on every single US citizen to China’s government was directed.

    Eloon Muskrat is also telling everyone not to worry about this coronavirus thing….because he knows the same thing that Mr. Cook knows….that his favorite country China has contained it because China has had the vaccine all along.

    The question remains...is President Maduro going to side with the atheist Illuminati socialists or will he make the right decision and stay aligned with Russia.

    Release the Citgo 6. I know what I'm doing.

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