The International Energy Agency believes the U.S. is on track to become a sustained net oil exporter in either late 2020 or early 2021.
In September, the U.S. exported 89,000 barrels per day more petroleum than it imported, according to official data published earlier this month.
At present, the U.S. still imports a large share of the petroleum it consumes and relies on those imports to help meet demand.Benjamin Lowy | Getty Imagesis on track to become a sustained net oil exporter in either late 2020 or early 2021, after briefly achieving this "major milestone" earlier in the year.
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