Episode Details

U.S. nears becoming a net exporter of crude oil, with exports surging to five point two million barrels per day and imports dropping to sixty-six thousand barrels per day. The shift is due to increased demand from Asia and Europe, triggered by the war between the U.S., Israel, and Iran. New buyers like Greece emerge, and top buyers include the Netherlands, Japan, France, Germany, and South Korea. Exports test the ceiling around six million barrels per day, limited by pipelines and ships. Prices spike, with European physical crude reaching near one hundred fifty dollars a barrel.

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