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Re: Russia has invaded Ukraine
Quote:
Originally Posted by Carth
Well now they can improve their lot by producing more home grown eh.
Incidentally . . how much do they export?
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Like most things, it’s not that simple (difference between crude oil imports and petroleum product exports).
https://dailyenergyinsider.com/news/...ng-to-eia/?amp
Quote:
Increasing crude oil imports will drive the growth in net petroleum imports in 2021 and 2022, offsetting changes in refined product net trade. Net imports of crude oil will increase from its 2020 average of 2.7 million barrels per day (b/d) to 3.7 million b/d in 2021 and 4.4 million b/d in 2022, EIA reported.
U.S. net petroleum product exports—distillate fuel oil, hydrocarbon gas liquids, and motor gasoline, among others—averaged 3.2 million b/d in 2019 and 3.4 million b/d in 2020. Net petroleum product exports will average 3.5 million b/d in 2021, and 3.9 million b/d in 2022 as global demand for petroleum products continues to increase from its recent low point in the first half of 2020.
Also, EIA said that the United States will import more crude oil to fill the widening gap between refinery inputs of crude oil and domestic crude oil production in 2021 and 2022. U.S. crude oil production declined by about 0.9 million b/d – or 8 percent — to 11.3 million b/d in 2020 because of well curtailment and a decline in drilling activity.
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