U.S. Briefly Became Net Petroleum Importer This Year ...Middle East

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U.S. Briefly Became Net Petroleum Importer This Year
source : OILPRICE ( Middle East ) () 44
The United States briefly returned to being a net importer of crude oil and petroleum products in May and June this year, as U.S. crude oil and refinery output slumped at the start of the pandemic, the Energy Information Administration (EIA) said on Tuesday. The decline in U.S. crude oil production and the lower refinery runs resulted in a decline in America’s gross crude oil and petroleum product exports. The U.S. was a net petroleum exporter between October 2019 and April 2020, but then it was briefly a net petroleum importer in May and…

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