Brandon Cafferky
Thursday, December 14, 2023
U.S. crude exports have never been higher. Overseas buyers are incentivizing American producers to pump more “black gold.”
In 2020, five countries accounted for about 50% of the world’s total crude oil production
If U.S. crude output were to lose momentum, it would be felt by tanker owners much more so than before.
At least 250,000 barrels a day of crude immediately affected by Tropical Storm Barry