Oil Poised To Become U.S.’ Single Largest Export Product ...Middle East

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Oil Poised To Become U.S.’ Single Largest Export Product
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Oil is on track to be the largest export item for the United States this year for the first time in history, highlighting the growing influence of U.S. oil production and exports on the global oil market.   Rising U.S. crude oil production in recent years and growing exports after the ban was lifted in 2015 have made U.S. oil an increasingly important commodity on the market, especially after the Russian invasion of Ukraine and the ban and sanctions on Russian crude in the West.  U.S. oil supply offset some of the OPEC+ cuts in the…

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