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U.S. Is Net Oil Exporter to Mexico for First Time in Two Decades

  • Net exports were 48,000 barrels a day in July, EIA data show
  • Increasing product shipments reflect surging output from shale

The U.S. became a net oil exporter to Mexico for the first time in more than 20 years as output from shale fields pushed the world’s biggest consumer toward energy independence.

Net exports -- comprising only oil products since the U.S. bans most shipments of crude -- totaled 48,000 barrels a day in July, the U.S. Energy Information Administration said in data released Wednesday. A decade ago, the country bought a net 1.3 million barrels of oil from its southern neighbor.