The United States is expected to become a sustainable net exporter of oil

According to a report released on Friday by the International Energy Agency (IEA), the United States is expected to become a continuous net exporter of oil by the end of 2020 or early 2021, but this does not mean that the United States will achieve energy independence because it still needs to import a large amount of petroleum. According to official data released earlier this month, the export volume of crude oil and other petroleum products of the United States in September this year exceeded the import volume by 89000 barrels / day, which is the first time since 1973 that the United States has become a net oil exporter. "Historically, in September, the United States became a net exporter of oil This is a major milestone for the United States on its way to becoming a sustainable net exporter. The United States may become a sustainable net exporter of oil by the end of 2020 or early 2021. " But the IEA said: "this does not mean that the United States has achieved energy independence: the United States remains a major importer of crude oil." According to the data of EIA, the United States surpassed Russia in 2011 as the world's largest natural gas producer, and Saudi Arabia in 2018 as the world's largest oil producer. But so far, U.S. oil imports still account for a large part of its consumption and rely on those imports to help meet demand.