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US oil exports have seen significant growth in January, with top buyers including Netherlands, South Korea, and Canada for crude, and Mexico, Japan, and Canada for refined products. Saudi Arabia, Russia, and the US have experienced declines in exports, contributing to global supply tightness. US oil demand growth in January showed increases in various products. American oil suppliers are benefiting from sanctions on Russian and Venezuelan exports, with US oil setting new records and capturing global market share.
🛢U.S. oil exports set “five new monthly records since Western countries began imposing sanctions on Russia” and helped U.S. crude oil “capture global market share,” Bloomberg reports
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'.
