Skip to main content

Will US oil exports really help rebalance the market?

The collapse in US net oil imports over the last few weeks has helped to draw down crude inventories in the country. This has raised hopes that market rebalancing is accelerating and has been one reason for the recent rise in oil prices. However, the slump in net imports is mainly due to lower demand from US refineries and greater shale oil production. It will take further improvements in end-user demand or lower production to actually rebalance the market.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.