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Is the US a Net Crude Oil Exporter?


  • The comparison of those two net trade numbers could be construed that the US has became a net exporter of 0.2 mmb/d of crude and finished products for the week.
  • For any other direction, the US is still a net importer of 4 mmb/d of crude oil or in a net deficit of oil supply by 1.9 mmb/d.
  • But misleading or not, though, this is still a major change from even 3 years ago, when the US was a net importer of 9 mmb/d of crude oil or had a net deficit of oil supply of almost 7 mmb/d.



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