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Bloomberg: U.S. Posts First Month in 70 Years as a Net Petroleum Exporter


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Bloomberg: U.S. Posts First Month in 70 Years as a Net Petroleum Exporter

Business

Category: Business and Investment News

The U.S. solidified its status as an energy producer by posting the first full month as a net exporter of crude and petroleum products since government records began in 1949.

The nation exported 89,000 barrels a day more than it imported in September, according to data from the Energy Information Administration Friday. While the U.S. has previously reported net exports on a weekly basis, today’s figures mark a key milestone that few would have predicted just a decade ago, before the onset of the shale boom.

Read entire article HERE.

Source: Bloomberg