Credit: REUTERS/Anna Driver
HOUSTON, Feb 17 (Reuters) – U.S. crude oil exports that have been boosted by a trade flow reshuffle in the aftermath of Russia’s invasion of Ukraine will remain elevated this year as Europe and Asia search for supplies, company officials and analysts said.
Western sanctions on Russia’s crude and oil products have opened the door to rising demand for U.S. crude grades as many European countries have become thirsty for alternative supplies. This year, Russia’s oil is expected to continue flowing to India and China, while heightened volumes of U.S. crude will go to European and Asian customers.
Read more here: https://www.nasdaq.com/articles/u.s.-crude-oil-exports-to-be-in-demand-this-year-as-trade-flows-reshuffle-0
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