Heightened geopolitical tensions and potential supply risks provide support for oil prices
Great post, and amazing visualizations 😍👍
I think it’s important to note here that despite the U.S. being the largest crude oil producer, it still needs to import crude oil (mostly heavier, more sour crude oil) from other countries due to domestic refining needs.
Great post, and amazing visualizations 😍👍
I think it’s important to note here that despite the U.S. being the largest crude oil producer, it still needs to import crude oil (mostly heavier, more sour crude oil) from other countries due to domestic refining needs.