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WASHINGTON - Throughout much of its history, the United States has imported more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it has exported. That status changed in 2020. The U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook (STEO) estimates that 2020 marked the first year that the United States exported more petroleum than it imported on an annual basis. However, largely because of declines in domestic crude oil production and corresponding increases in crude oil imports, EIA expects the United States to return to being a net petroleum importer on an annual basis in both 2021 and 2022.
More information 2021-02-19
American oil exports from Louisiana’s offshore supertanker port jumped to a record in January as Asian buyers are stocking up U.S. crude for a post-pandemic rebound in fuel consumption.
More information 2021-02-04
The U.S. metalcasting industry is projected to grow at a rate of 19.7% in 2021, according to a new report published by the American Foundry Society.
More information 2021-01-29
China saw notable rebound in exports in 2020, led by sales of medical supplies
More information 2021-01-29
More independent, controllable links to guard against risks, aid global economy
More information 2021-01-29
Baker Hughes Co. expects as many as four liquefied natural gas projects globally to move to a final investment decision this year amid a global revival of the fuel after last year’s pandemic-induced collapse.
More information 2021-01-25
How fabricators perform next year depends on end markets, more shops embracing the fiber laser.
More information 2021-01-22
Trend is generally defined in one of two ways. Firstly, it might refer to a general direction in which something is heading or developing. Alternatively, it might be seen as synonym for fashion.
More information 2021-01-11
Once a dirty word on production floors everywhere, and formerly spoken with unbridled glee in executive conference rooms, automation has become something much more comprehensive than merely a way to reduce labor.
More information 2020-12-16
As part of the GrInHy2.0 research project, funded by FCH, Salzgitter Flachstahl GmbH has installed the world's largest high-temperature electrolyser.
More information 2020-12-16
