In May 2020, the United States exported and imported nearly equal amounts of energy, based on data in the U.S. Energy Information Administration’s (EIA) Monthly Energy Review. The United States had been a net exporter of energy in several months of the past year. Changes in domestic production and declines in global demand for energy since mid-March in response to COVID-19 have shifted energy trade balances back in the direction of net imports, especially for U.S. crude oil and petroleum products.
Signup for CIC Insights
CIC Insights, technology investment trends, cutting edge innovations and moreā¦
We hate spam. We'll never do it. We will never sell, rent, or share your information - honest!