US Remains Net Exporter Without SPR Sales

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  • The US has reported average net exports of 1.17 million b/d of both crude and petroleum products in January-November.

  • Last year's support of 600,000 b/d from strategic oil reserves will be removed from the equation in 2023.

  • US demand is once again higher than expected when compared to weekly data.

The US is set to remain a large net oil exporter in 2023 even without the support of 222 million barrels of sales from the strategic petroleum reserve (SPR). Last year, net exports were 1.17 million barrels per day through November, latest data from the Energy Information Administration (EIA) show.

Oil Trade, Oil Supply, Oil Demand, Crude Oil, Oil Products
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