# Citi Says U.S. May Become World's Top Oil Exporter Next Year - Bloomberg

> Citigroup projects the U.S. will overtake Saudi Arabia as the world's largest oil exporter next year. U.S. crude and product exports are on course for that position, with weekly exports reaching a record 8.3 million barrels a day recently.

- Date: 2018-04-26 · published 2018-04-26T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/65668-citi-says-u-s-may-become-world-s-top-oil-exporter-next-year-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising U.S. export capacity adds crude supply to global markets, which tends to weigh on benchmark prices and widen WTI discounts. Feed costs tied to diesel and freight may ease over time.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-02-13 | [U.S. could overtake Saudi, Russia to become global oil leader this year - Financial Post](https://feedsoft.ai/events/66426-u-s-could-overtake-saudi-russia-to-become-global-oil-leader-this-year-financial.md) | +4.3% | +2.2% |
| WTI | 2019-06-04 | [Oil Sinks Into Bear Market as U.S. Storage Jumps Most Since 1990 - Bloomberg](https://feedsoft.ai/events/11306-oil-sinks-into-bear-market-as-u-s-storage-jumps-most-since-1990-bloomberg.md) | +0.1% | +10.7% |
| WTI | 2025-10-01 | [World oil market to see higher surplus after OPEC+ hike, IEA says](https://feedsoft.ai/events/22773-world-oil-market-to-see-higher-surplus-after-opec-hike-iea-says.md) | -1.0% | -3.5% |
| WTI | 2019-06-05 | [U.S. oil prices enter a bear market as weekly domestic crude supplies jump to a nearly 2-year high - MarketWatch](https://feedsoft.ai/events/11592-u-s-oil-prices-enter-a-bear-market-as-weekly-domestic-crude-supplies-jump-to-a.md) | -0.4% | +4.8% |
| WTI | 2025-10-14 | [World oil market to see huge glut in 2026, IEA says \| Reuters](https://feedsoft.ai/events/22590-world-oil-market-to-see-huge-glut-in-2026-iea-says-reuters.md) | -2.7% | +1.7% |
| BRENT | 2018-02-13 | [U.S. could overtake Saudi, Russia to become global oil leader this year - Financial Post](https://feedsoft.ai/events/66426-u-s-could-overtake-saudi-russia-to-become-global-oil-leader-this-year-financial.md) | +4.0% | +3.8% |
| BRENT | 2019-06-04 | [Oil Sinks Into Bear Market as U.S. Storage Jumps Most Since 1990 - Bloomberg](https://feedsoft.ai/events/11306-oil-sinks-into-bear-market-as-u-s-storage-jumps-most-since-1990-bloomberg.md) | +1.7% | +4.6% |
| BRENT | 2025-10-01 | [World oil market to see higher surplus after OPEC+ hike, IEA says](https://feedsoft.ai/events/22773-world-oil-market-to-see-higher-surplus-after-opec-hike-iea-says.md) | -2.2% | -5.2% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-04-26/citi-says-u-s-may-become-world-s-top-oil-exporter-next-year

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.