US Oil Exports Surge as Sanctions Open Doors to Capturing More Global Market Share

• US oil exports hitting record highs, capturing more global market share as sanctions limit Russian and Venezuelan oil • American crude increasingly displacing sanctioned oil in India, one of the biggest buyers of illicit oil • Record US production and OPEC+ supply cuts also enabling US suppliers to gain bigger foothold overseas • India halting Venezuelan oil purchases ahead of expiration of US sanctions waiver next month • Europe seeking more US supply as it shuns Russian oil after Ukraine invasion, with American imports surging