Rising US exports, stronger global demand, levelling biofuels growth.

摘要

According to the International Energy Agency, North American product exports will hit 3.5MM b/d by 2019, against crude imports of just 2.6MM b/d. The development will make the continent a "titan of unprecedented proportions," the IEA said. "Less than ten years ago, the US was the world's largest importer of refined products'.**1 the agency explained. "Today it has become the world's largest liquids producer, ahead of Saudi Arabia and Russia, as well as its largest product exporter." In its Medium-Term Oil Market Report, the IEA projected that total US liquids production would rise from 10.3MM b/d in 2013 to 13.1MM b/d in 2019.