The United States is projected to lose its status as a net petroleum exporter this year as refiners and other customers seek out more product from elsewhere amid ballooning demand.

This change in trade dynamics would disrupt what the Energy Information Administration described as the “historic shift” that took place in 2020, when the U.S. became a net exporter of petroleum products due to its strong production output and the effects the COVID-19 pandemic had on oil markets.

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