U.S. oil exports and Hormuz crisis
The global oil market has experienced significant changes following the closure of the Strait of Hormuz. April data showed that the United States managed to substantially increase its exports of crude oil and refined products, helping to absorb part of the gap caused by the disruption of this major maritime passage. As a result, the US oil surplus rose to 131 million barrels in April, compared to 65 million in March. During the same period, crude oil exports increased from 125 million barrels to 167 million barrels, despite a limited drawdown of strategic reserves. The resilience of the global oil market contributed to distributing the impact and reducing risks, with prices remaining within expected levels. The market continues to demonstrate its ability to adapt and respond to geographic and political pressures.
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