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US Oil Exports Expected to Quadruple by 2020
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US crude oil exports have doubled since 2010 from 2.4 million barrels a day to about 5.2 million barrels reported at the end of last year. This is according to the figures reported by PIRA Energy published in the Financial Times last week.

 

U.S set to be Among the Top 10 Exporters

Oil market analysts have predicted that the US will be among the top ten crude oil exporters in the world by 2020. Currently, Saudi Arabia is the leading crude oil exporter exporting at least 7 million barrels of crude oil daily. This may be bad news for the OPEC countries since US is not a member of OPEC...

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