Stay updated with breaking news from David Wech. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
U.S. crude exports to Europe climbed in March and April as buyers across the Atlantic snapped up the country’s light sweet grades to offset the expected loss of Russian oil, according to shipping data, traders and analysts. As the European Union weighs an oil embargo on Russia over its invasion of Ukraine, U.S. exporters are ...
By Arathy Somasekhar and Stephanie Kelly HOUSTON,(Reuters) – U.S. crude exports to Europe climbed in March and April as buyers across the Atlantic snapped up the country’s light sweet grades to offset...
"The US will rank highly, that's natural, given its size, and its proximity and also the crude quality," Vortexa's chief economist said.
Supertankers will likely play an increasingly larger part in moving that crude from the US to Europe, according to Vortexa.
A 2-million-barrel supertanker delivered US crude oil to Spain for the first time since 2015, Bloomberg reported. | Business Insider Africa