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U.S. oil exports seen hitting record 5.2M bbl/day as Iran war sparks supply race (USO:NYSEARCA) - Seeking Alpha
Overview
U.S. crude exports are projected to reach a record 5.2 million barrels per day in May as Asian buyers scramble to replace lost Middle Eastern barrels amid the war with Iran. The surge reflects physical supply-moving responses to regional disruption, with buyers favoring secure U.S. cargoes even as prices climb. China’s March trade data — slower export growth alongside a spike in imports — is consistent with Asian demand shifting toward U.S. and other non-Middle Eastern supplies to fill the gap.
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ORGSeeking AlphaORGKplerORGUSO:NYSEARCA
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