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U.S. Pumping Out More Oil Than Most OPEC Members

Business Insider-


Two and a half years after the U.S. removed export restrictions on its crude oil, its exports hit 3 million bpd—the latest all-time high set in recent months.

The volume of U.S. exports last week was higher than the individual country exports of 12 out of 14 OPEC members. Only Saudi Arabia and Iraq export more than 3 million bpd of crude oil to international markets.

The U.S. exports were also higher than the crude oil production of all but three OPEC members—Saudi Arabia, Iraq, and Iran.

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