Saudi Arabia Looking to Expand Exit Ports for Oil

Saudi Arabia is accelerating efforts to expand its oil export infrastructure and alternative exit ports to reduce reliance on the Strait of Hormuz, as disruptions from the ongoing regional conflict continue to reshape Gulf energy flows. Aramco CEO Amin Nasser confirmed in early November 2026 earnings commentary that preliminary engineering work has begun on expanding […]

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US Supplied 18.8% of Europe’s Crude in Q2 2026 — Up from Lower Shares, While Russia’s Share Collapsed from 25.8% in 2021

The United States has solidified its position as Europe’s top crude oil supplier. According to Eurostat data highlighted in a recent analysis by commodity markets observer Jack Prandelli, the US accounted for 18.8% of the EU’s petroleum oil imports by value in the second quarter of 2026. That marked a rise from 15.1% in 2025 […]

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