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Last updateThu, 12 Dec 2019 5pm

End-User News

U.S. On Track to Become Net Energy Exporter

U.S. crude oil exports reached a new all-time high of 3.3 million barrels per day (b/d) in June 2019, a 1.1 million b/d year-over-year increase, according to the latest Monthly Statistical Report released by the American Petroleum Institute (API). This latest milestone came as the U.S. continued to sustain world-leading crude oil production of 12.2 million b/d, including 5.0 million b/d in West Texas’ Permian Basin. Increasing U.S. crude oil exports are a net positive for American consumers who have benefited from significant declines in energy expenditures since the rise of the shale revolution.

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