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U.S. crude exports

A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, U.S. February 18, 2025. REUTERS/Eli Hartman/File Photo
Jun 1, 2026

US crude exports hit record high in May as Iran war tightens global oil supplies

U.S. crude exports reached a record 5.6 million barrels per day in May as Middle East tensions boost demand from Asian and European refiners.

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