The United States will be exporting oil in six years

США станут экспортерами нефти через шесть лет

This happens due to the exploitation of shale deposits.

The volume of oil exports from the U.S. will exceed imports by 2023 due to growth in shale oil production, outpacing the rise in domestic demand. This forecast was voiced by analysts of the consulting company PIRA Energy Group.

As stated in the overview prepared by them, the net oil exports from the US by 2031 will reach 3.3 million barrels per day (b/d). While shale oil production in 2025 will increase two – fold to 14.2 million b/d.

In addition, PIRA analysts believe that the U.S. Congress wanted to increase the sale of oil from the strategic reserve to Fund various programs. Currently, the strategic reserve contains 696 million barrels of crude oil, the average purchase price of $29,7 per barrel, according to the Ministry of energy of the country.

Oil exports from the United States was essentially prohibited until 2015, when Barack Obama canceled the corresponding law in force 40. Since then, American companies are actively exploring new markets, including Europe and China.

While the US remains a net importer of oil in 2016, the imports averaged 7.9 million b/d. For the week ended 18 August 2017, the US imported approximately 8.79 million b/d. States are imported mostly heavy oil, which works most of their refineries, and export easy, produced from the shale deposits.

As reported Корреспондент.netpreviously, the IMF assessed the implications of the shale revolution in the United States, calling it a major threat to efforts to achieve price stability on the part of OPEC countries and Russia.

We will remind, in the fall of 2016 in the United States discovered the largest Deposit of shale oil reserves at 20 billion barrels.

According to the materials:

Interfax-Ukraine
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