U.S. Becomes World’s Largest Oil Exporter as May Shipments Hit 10.5 Million Bpd
Vortexa data showed U.S. crude and fuel exports reached 10.5 million barrels per day in May, topping Saudi Arabia and Russia for a third straight month.
- The United States became the world's largest oil exporter for the third consecutive month in May, shipping about 10.5 million barrels per day, according to data from Vortexa.
- Global supply disruptions drove this shift, as the US-Iran war disrupted Saudi Arabia's exports since February 2026, while Russian exports suffered from Ukrainian drone attacks and Washington sanctions on Moscow.
- Asian countries, historically dependent on the Middle East, now increasingly rely on American crude, taking about 46 per cent of exports in May, while Europe leans heavily on the United States since Ukraine war began.
- This ascendancy marks a stunning reversal for a country once dependent on Middle Eastern oil, as the new dominance could weaken the pricing power that the Organisation of Petroleum Exporting Countries has historically held.
- European officials warn of risks becoming too dependent on American companies, while Igor Sechin, boss of Kremlin oil major Rosneft, stated US energy companies benefited most from the closure of the Strait of Hormuz.
24 Articles
24 Articles
The US has surpassed Saudi Arabia and Russia to become the world's largest oil exporter, in a sharp reversal after decades of dependence on Middle Eastern oil.
The United States has become the world's largest oil exporter, overtaking Russia and Saudi Arabia, in a major shift in the global energy market order. The development comes at a time of heightened geopolitical tensions, including the war in Ukraine and conflicts in the Middle East, which have significantly affected global energy supplies. According to shipping market data, US exports of oil and fuel reached about 10.5 million barrels per day in …
Washington bypassed Saudi Arabia and the Russian Federation.
United States Overtakes Saudi Arabia and Russia to Become World’s Largest Oil Exporter
The United States has become the world's largest oil exporter, overtaking long-standing leaders Saudi Arabia and Russia and marking a significant shift in the global energy landscape. The development represents a remarkable reversal for a country that spent decades heavily dependent on oil imports from West Asia. Shale Revolution Transforms America's Energy Sector The transformation of the U.S. energy industry accelerated after 2010, when produc…
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