U.S. Crude Exports Boom Amid Recovering Global Demand
U.S. crude oil exports have jumped in recent weeks as America leads supply growth amid steady and resilient global demand, according to commodity analytics provider Kpler, cited by Reuters. In December, America’s crude oil exports averaged 3.2 million barrels per day (bpd), Matt Smith, a lead oil analyst for the Americas at Kpler, told Reuters. That, according to Kpler, was the highest crude export volume in a month since February 2020, just before the pandemic crippled global oil demand. So far in January, U.S. crude oil exports have increased…