- More countries are demanding oil imports coming in from the US.
- The key drivers are booming U.S. production, expanding pipeline and export capacity, and a slight discount on West Texas Intermediate prices.
U.S. crude oil exports are surging and going to a growing number of buyers around the world, including to the fastest-growing demand centers in Asia, the traditional stronghold of the Middle Eastern oil exporters.
Booming U.S. production, expanding pipeline and export capacity, and the more than $ 3-a-barrel discount of WTI spot prices to Brent supported the surge in U.S. oil exports last year.See the rest of the story at Business Insider
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