U.S. Crude Exports Reach Record Levels Amid SPR Releases
U.S. crude and petroleum exports have surged to a record 12.9 million barrels per day (bpd), driven by large-scale releases from the Strategic Petroleum Reserve (SPR). The U.S. has become a key supplier of alternative oil amid disruptions at the Strait of Hormuz, with nearly half of SPR-released crude being exported rather than refined domestically.
Topics: crude exports oil Strategic Petroleum Reserve (SPR) U.S.-Iran tensions