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The Geopolitical Windfall Big Oil Didn't Advertise - ConocoPhillips (NYSE:COP), Chevron (NYSE:CVX)
Summary by Benzinga
2 Articles
2 Articles
The Geopolitical Windfall Big Oil Didn't Advertise - ConocoPhillips (NYSE:COP), Chevron (NYSE:CVX)
The war with Iran is pushing the United States toward an unexpected milestone – becoming a net crude exporter for the first time since World War II. In the week ending April 10, U.S. net crude imports narrowed to just 66,000 barrels per day, as exports jumped to 5.2 million. According to Reuters, it was a seven-month high for exports. Meanwhile, the U.S. has not been an exporter on an annual basis since 1943. However, the recent shift is not a d…
·New York, United States
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The United States has nearly become a net oil exporter for the first time since World War II, according to a Reuters analysis. The US-Israel war with Iran and the threat to shipping through the Strait of Hormuz have contributed to this.
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Total News Sources2
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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