Photo: Lindsay DeDario / Reuters
In 2017, the United States has almost doubled its oil exports to 1.1 million barrels per day. On Friday, March 16, reports Reuters, citing data from the U.S. energy information Administration (EIA).
Supplies increased due to production growth, infrastructure development and the price factor, says EIA. Last year the geography of export supplies of American oil, to 37 areas, compared to 27 in 2016.
One of the new areas — India, which is still in 2016, did not buy American oil. Last year, its share in total exports amounted to 2 percent. The main importer of oil to the United States remained Canada, but its share in the volume of American supplies on the world market fell to 29 percent in 2017, compared with 61 percent in 2016. In second place is China (20 percent).
The United States canceled the ban on oil exports in December 2015. After that, the share of oil in total volume of us exports of hydrocarbon made up 18 percent, the previous high at 13 percent was installed in 1999.
A ban on the export of us crude oil was introduced in 1975 in response to the energy crisis. It began in 1973 after the Arab States refused to supply oil to countries that supported Israel during the Yom Kippur war. The result for the year the price of oil rose from 3 to 12 dollars per barrel.
Video, photo All from Russia.