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In major shift, U.S. now exports more oil than it ships in

Reuters 

By David Gaffen(Reuters) - The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same day OPEC ended a meeting without a decision to curb global output to balance out the historic surge in U.S. supply.When adding in all imports and exports of crude and refined products, the U.S. exported a net 211,000 barrels per day for the week through Nov. 30 - the first time that has happened, according to U.S. Energy Department figures dating to 1973. That was on the back of a jump in crude exports to a ...

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First Published: Fri, December 07 2018. 02:40 IST
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