US Increases domestic shale oil production to become “net exporter” of crude oil for the first time in 70 years, November 30 13:53
In the United States, crude oil exports expanded due to an increase in domestic shale oil production, and the export volume of crude oil and petroleum products exceeded the import volume in September, making it the first net exporter in 70 years. It is possible that the Trump administration may weaken its involvement in the Middle East, where oil-producing countries are common.
According to the statistics of crude oil and petroleum products in September announced by the US Energy Information Bureau on September 29, exports increased by 18% while imports decreased by 12%. That means more than 9000 barrels and became a “net exporter”.
Bloomberg, the economic media, says that America has become the “net exporter” for the first time in 70 years since 1949.
This is due to an increase in shale oil production in the United States, which is expected to become a net exporter of crude oil next year, even in annual total.
It has been pointed out that if the United States supplies crude oil in the country and does not have to rely on imports from oil-producing countries in the Middle East, the Trump administration advocating the first principle of America may weaken its involvement in the region. It is.