Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), February 2022 In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it…
U.S. gasoline exports in May, June, and July reach new seasonal highs Source: U.S. Energy Information Administration, Petroleum Supply Monthly Note: Gasoline exports include combined exports of finished motor gasoline and motor gasoline…
On June 12, 2021, China implemented a new consumption tax policy affecting its imports of mixed aromatics and light cycle oil—two fuels that have been used in blending gasoline and…
Source: U.S. Energy Information Administration (EIA), based on EIA’s Monthly Energy Review and data from the U.S. Census Bureau In 2020, the U.S. net merchandise trade value of energy products—the value of petroleum, natural gas, coal,…
In the August Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts larger than previously expected world petroleum inventory draws in 2021 and larger inventory builds in 2022. The changes…
U.S. production capacity for renewable diesel could increase significantly through 2024, says the EIA. This is based on announced projects and those that are under construction. Growing targets for state…
Source: U.S. Energy Information Administration, Weekly Petroleum Status Report Note: 2021 annual average based on year-to-date data as of July 9, 2021. Despite volatility in global oil markets, U.S. crude oil exports…