13-June-2026
Corporate News
 
How US went from barring oil exports to becoming world's top crude seller
13-Jun-2026

The US, country that once refused to export its fuel, has now climbed to the top spot in the global oil export rankings, overtaking crude heavyweights such as Saudi Arabia and Russia. As the world continues to feel the ripples of the ongoing Middle East crisis, US exports of crude and fuel reached around 10.5 million barrels per day (bpd) in May, driven by strong domestic production and releases from strategic reserves. The performance marked the third straight month that the United States held the position of the world's largest oil exporter. By comparison, Russian exports stood at 7 million bpd in May, according to Reuters calculations, while Saudi Arabia exported 5.9 million bpd, Vortexa data showed.

News Source:- https://timesofindia.indiatimes.com/business/international-business/how-us-went-from-barring-oil-exports-to-becoming-worlds-top-crude-seller/articleshow/131677575.cms