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US Crude Oil Exports Surge to Record
Exports Exceed 6 Million Barrels a Day as Iran War Sends Overseas Buyers Hunting for Replacements to Middle Eastern Oil
U.S. crude exports surged to a record above 6 million barrels a day last week as the Iran war sends overseas buyers hunting for replacements to Middle Eastern oil.
The surge in the volatile weekly crude exports figure helped send overall shipments of US oil and fuel abroad to a fresh record high above 14 million barrels a day.
Even as the US and Iran have held on to a fragile ceasefire, oil buyers across the world are still grappling with the worst disruption to global energy supplies in history.
American exports have been critical to help fill the gap, with President Donald Trump pushing for more production as part of his energy dominance agenda.
