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Expand chart
Data: U.S. Energy Information Administration; Chart: Axios Visuals

The U.S. is now exporting crude oil to a record number of 31 countries, according to newly released data from the U.S. Energy Information Administration.

Where it stands: U.S. oil exports are going all over the world, ranging from oil-rich United Arab Emirates to Australia, reaching 2.9 million barrels a day from essentially zero in 2015 before Congress lifted a 40-year-old ban on exporting crude oil.

The big picture: This is a remarkable turnaround fueled by America's booming oil and natural gas industry. Its impact on the average consumer is more muted because oil prices are traded on a global market and thus are fungible regardless.

  • This export boom is likely keeping prices at the pump lower than they might have been absent all this new oil on the global markets, which is in turn keeping oil prices lower than otherwise.

What's next: EIA senior petroleum markets analyst Mason Hamilton (whose tweet tipped this milestone) tells Axios...

“With all the infrastructure planned to facilitate even greater volumes of U.S. crude oil exports we will likely soon find out how big of a market is out there for U.S. crude oil."

Go deeper ... A petro-tipping point: U.S. to surpass Saudi oil exports

Go deeper

CCP releases two jailed Canadians after Huawei CFO deal with DOJ

Photo: Sheldon Cooper/SOPA Images/LightRocket via Getty Images

Two Canadians imprisoned by the Chinese government for over 1,000 days have been released and are expected to arrive in Canada on Saturday, Prime Minister Justin Trudeau said Friday.

Why it matters: Their release comes hours after Huawei Technologies CFO Meng Wanzhou reached a deal with the U.S. Department of Justice that resolves the criminal charges against her and could pave the way for her to return to China.

Updated 10 hours ago - Politics & Policy

Arizona GOP's private recount of 2020 election confirms Biden's win

Contractors working on behalf of the GOP examine and recount 2020 ballots at Arizona Veterans Memorial Coliseum in Phoenix in May. Photo: Courtney Pedroza/Getty Images

In an odd coda to the 2020 election, private contractors conducting a GOP-commissioned recount in Arizona confirmed President Biden’s win in Maricopa County.

Why it matters: The unofficial, party-driven recount has been heavily covered on cable news as part of former President Trump's continued effort to sow doubt about the election result.

Del Rio bridge camp empty following Haitian migrant surge

A boy bathes himself in a jug of water inside a migrant camp at the U.S.-Mexico border on Sept. 21 in Del Rio, Texas. Photo: John Moore/Getty Images

The last migrants camping under the Del Rio International Bridge, which connects Texas and Mexico, departed on Friday, Homeland Security Secretary Alejandro Mayorkas announced during a White House press briefing.

Driving the news: Thousands of migrants, mostly from Haiti, had arrived to the makeshift camp after crossing the southern border seeking asylum. Roughly 1,800 migrants will now head to U.S. Customs and Border Protection processing centers.

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