HomeBusinessUS Crude Exports Gain 21% to Hit Record, EIA Says

US Crude Exports Gain 21% to Hit Record, EIA Says

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US Crude Exports Gain 21% to Hit Record, EIA Says
US Crude Exports Gain 21% to Hit Record, EIA Says

U.S. crude exports set a new record as Europe struggles to replace Russian oil supplies amid the superpower’s war against Ukraine.

Exports rose 21% to 4.55 million barrels per day during the week ending July 22, according to Energy Information Administration data released Wednesday. Total shipments of crude oil and petroleum products also rose to the highest level on record.

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