US Oil Exports Surge Amid Sanctions on Russia and Venezuela
In a striking shift in the global energy landscape, US suppliers have capitalized on sanctions against Russian and Venezuelan oil, carving out new market territories previously under the tight grip of OPEC and its allies. The imposition of sanctions on Russia in 2022, coupled with looming trade bans on Venezuela, have propelled American oil exports to unprecedented heights, as American barrels begin to fill the vacuum left in markets including India, a major purchaser of oil.
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