Top oil exporters have reduced crude and refined products exports in March, tightening global oil supplies. US oil exports have hit five new monthly records post-sanctions on Russia, boosting American market share worldwide. OPEC+ cuts production as US post-Covid output reaches new highs, sending more oil to Europe and Asia.
One of the reasons OPEC+ has been cutting back production is that post-Covid US production has recovered to make locals highs and our exports have set 5 new monthly records since 2022. We are sending more oil to Europe and Asia than ever before after Russian sanctions... $USO… https://t.co/7AOIC30m2G
Oil holds onto gains as investors bet on tighter supply https://t.co/xLVkj0CxQO https://t.co/qUhrOjLYY4
⚠️ OIL HOLDS ONTO GAINS AS INVESTORS BET ON TIGHTER SUPPLY Full Story → https://t.co/6enlQi7xSY https://t.co/UCdzlvgv4o
US oil suppliers are ending up beneficiaries of sanctions on Russian and Venezuelan exports https://t.co/WDUZsyrfJO via @Devikakrishnak https://t.co/bsiUnmiZLU
UNITED STATES: Bloomberg reports that oil exports from the US have set 'five new monthly records since Western nations began imposing sanctions on Russia' and helped American crude 'capture market share around the world'.
#oil likewise as my key bullish pick did well, conquering $82.50 on rising volume and no selling into the close. $WTIC would be more resilient to 10y interest rate increases, which are sure to follow Powell‘s speech. Note how well #energy is still doing,and will be continuing so. https://t.co/NWwCgZrzQw
Big three oil exporters add tightness to global supplies in March Crude and refined products exports from the top seaborne exporters are lower so far in March and adding supply tightness to global oil markets. #OOTT https://t.co/hVvBcIwqxp https://t.co/AgkopfQP40