US crude exports hit record 5.6 million bpd in May
United States crude exports reached a record high in May as refiners in Asia and Europe sought alternatives to Middle Eastern supply during the conflict with Iran. Shipments are expected to ease in June as the price discount for American oil narrows and domestic inventories remain low.
The United States exported a record 5.6 million barrels of crude per day in May as conflict in the Middle East redirected global energy flows. This volume surpassed the previous high of 5.2 million barrels per day set in April. Refiners in Asia and Europe scrambled for American grades to fill supply gaps created by regional disruptions.
### War Disruptions Drive Global Demand The conflict involving Israel and Iran triggered the largest-ever disruption to global energy markets after the Strait of Hormuz closed in late February. This waterway handles approximately 20% of the world's oil and gas supplies. The crisis redirected buyers toward American crude as alternatives to Middle Eastern barrels.
