Jordan, Knauff & Company
Despite volatility in global oil markets, U.S. crude oil exports hit a record high in 2020 and remain high in 2021. High oil prices have contributed to steady crude oil exports.
Gross domestic product in the U.S. declines at an annualized rate of 4.8 percent in the first quarter of the year.
EIA expects U.S. crude oil production to average 13.2 million barrels per day in 2020.