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Last updateThu, 25 Feb 2021 11pm

End-User News

U.S. Petroleum Imports to Increase Dramatically by 2022

Throughout much of its history, the U.S. has imported more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it has exported. That status changed in 2020. The U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook estimates that 2020 marked the first year that the United States exported more petroleum than it imported on an annual basis. However, largely because of declines in domestic crude oil production and corresponding increases in crude oil imports, EIA expects the U.S. to return to being a net petroleum importer on an annual basis in both 2021 and 2022.  

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