The EIA said petroleum remained the largest component of US energy trade, accounting for 63% of exports and 83% of imports. Strong petroleum exports were supported by expanded domestic production, export infrastructure, and rising global demand, especially from Europe after sanctions on Russian energy supplies. Natural gas exports also hit record levels, driven by growing LNG capacity and increased overseas demand.
The EIA noted that the US energy sector operates within a global market, importing, exporting, refining, and storing energy products based on supply and demand conditions, while natural gas imports from Canada continue to help stabilize seasonal demand.


