This news is based on one weekly oil inventory report, which fluctuates greatly because of the timing of oil tankers coming in and out of ports. Each VLCC can hold 2 million barrels of oil, so a timing mismatch can make the report swing largely. I would bet next week the US is a net importer again.
That said, the US oil production grew incredibly this year. It will be a net exporter again. In addition, the US has large refining capacity, so it gets to export oil derived products which were counted towards the net (The actual crude oil exports were still only half its imports).
That said, the US oil production grew incredibly this year. It will be a net exporter again. In addition, the US has large refining capacity, so it gets to export oil derived products which were counted towards the net (The actual crude oil exports were still only half its imports).