Oil production in the United States is continuing its record-breaking streak. Terminals in the port district of Houston-Galveston, Texas, recently started exporting more crude oil than was imported for the first time on record, according to an Aug. 20 report by the Energy Information Administration (EIA).
In April, crude oil exports from Houston-Galveston surpassed crude oil imports by 15,000 barrels per day. In May, the difference between crude oil exports and imports increased even further, to 470,000 barrels per day.
