Workers extracting oil from oil wells in the Permian Basin in Midland, Texas on May 1, 2018.Benjamin Lowy | Getty ImagesThe International Energy Agency (IEA) believes the U.S. is on track to become a sustained net oil exporter in either late 2020 or early 2021, after briefly achieving this “major milestone” earlier in the year.In September, the U.S. exported 89,000 barrels per day (b/d) more petroleum (crude oil and other petroleum products) than it imported, according to official data published earlier this month.The U.S. Energy Information Administration (EIA), an independent entity within the Energy Department, said this was the …
