The US briefly overtook Saudi Arabia in gross oil exports ...News

The United States briefly overtook Saudi Arabia as the world’s number one gross oil exporter at one point in June this year, the International Energy Agency (IEA) said on Thursday. While the US gross oil exports exceeding those of Saudi Arabia was just a momentary occurrence in June, it is a sign that competition for a share of the global oil market is getting crowded, the Paris-based agency said in its closely watched Oil Market Report for September. “A reminder to the producers that competition for market share is getting tougher comes from preliminary data showing that in June the US momentarily overtook Saudi Arabia and Russia as t

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