Energy & Petrochemicals #us#oil
How US overtook Saudi and Russia to become world's top oil exporter
The United States has become the world's largest oil exporter, with crude and fuel shipments reaching about 10.5 million barrels per day in May, overtaking Saudi Arabia and Russia. The milestone marks a dramatic reversal from past dependence on imported oil, driven by the shale revolution, the lifting of a four-decade export ban in 2015, and recent geopolitical disruptions including the Strait of Hormuz crisis. European and Asian buyers are increasingly turning to US supplies, reshaping global trade flows and challenging OPEC's influence.
Jun 12, 2026 1 source