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US Overtakes Saudi Arabia And Russia As Top Oil Exporter - Foreign Affairs - Nairaland

Nairaland ForumNairaland GeneralPoliticsForeign AffairsUS Overtakes Saudi Arabia And Russia As Top Oil Exporter (10276 Views)

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US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Botragelad(op): 6:09am On Jun 12
The United States has become the world leader in oil exports, stretching a long-standing order that was previously dominated by Saudi Arabia and Russia. This shift strengthens the position of American companies on global energy markets amid the conflict with Iran, which is reshaping global energy trade.

This turning point was a significant shift for a country that for decades depended on oil supplies from the Middle East and endured the 1973 oil embargo in response to support for Israel. Over the years, the United States began to dominate both gas and oil production thanks to the development of shale production, first rising to the top of the global gas sector, and later to the top of global oil production.

The order shifted with events of 2026: the war between the United States and Iran disrupted Saudi oil exports since February 2026, and reductions in Russian oil supplies due to Ukraine’s actions and international sanctions intensified pressure on the global market. As a result, the United States became the leader in oil and petroleum products exports.

In May, crude oil and fuel exports from the United States rose to about 10.5 million barrels per day thanks to high production and the use of strategic reserves, which allowed the leading position to be maintained for the third consecutive month. According to specialized vessel-tracking services, Russia imported about 7 million barrels per day, while Saudi Arabia imported about 5.9 million barrels per day.

Compared with 2025, Saudi Arabia exported about 8.1 million barrels per day, while the United States shipped to world markets 6.6 million barrels per day, and Russia about 5.8 million barrels per day.

The new dominance could weaken the traditional influence of OPEC and its allies on fuel prices. For a long time, the United States has been criticized for market manipulation and oil-supply policy. Also in 2022–2026, the United Arab Emirates emerged as one of the key players that had previously remained within OPEC but later recalibrated their participation in the cooperation.

In many aspects this resembles the role that OPEC and Saudi Arabia played with production reserves, but it is more of a market mechanism than a strategic instrument.

Additionally, there is an expectation that the United States will be able to exert some influence over partners because of their dependence on American supplies. This concerns, in particular, European countries, which initially perceived increases in energy efficiency from the United States as an alternative to Russian and Middle Eastern supplies, but at the same time stressed the risks of excessive dependence on a single source.

Now it is clear what leverage the United States has over some countries, because they depend on the United States when it comes to their oil or gas.

Europe has also faced pressure from the United States on trade-regulatory issues and regional policy, underscoring the interdependence between energy security and economic decisions. Moscow, meanwhile, expresses disappointment with the new energy reality in which the United States has again become a major player on world markets.

Overall, global energy is undergoing fundamental changes: U.S. crude oil and liquid fuels production since 2000 has nearly tripled and reaches about 22 million barrels per day. At the same time, Saudi Arabia fluctuates within 10–12 million barrels per day depending on OPEC quotas, and Russia has consistently held around 10 million barrels per day since the 2020s. World oil demand rose from about 87 million barrels per day in 2010 to around 104 million barrels per day last year, with a significant share of the growth coming from the American oil boom.

In 2015 the United States lifted the 40-year ban on oil exports, opening the door to a global oil supply chain. Today, growth to significant export volumes is mainly based on the private sector and market incentives, not on government-led plans.

In the future, the United States’ hybrid approach to production and exports may leave levers of influence on global prices: when oil prices rise, companies expand production, pushing prices down; when prices weaken, they cut production, supporting prices higher. These processes highlight the market’s role but also emphasize the geopolitical weight of global energy flows.

Europe and Asia continue to increase their dependence on American supplies. Europe’s share of total U.S. exports this year stood at about 47%, while Asia’s share approached 46% in May, signaling a global realignment in the world oil trade.

Thus, the shift in the United States’ status as the largest exporter of oil is changing not only the country’s economy but also the global energy architecture, influencing policy, trade, and the balance of power in the world.
Source:
https://mezha.net/eng/bukvy/9995209b_us_overtakes_saudi/

Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Botragelad(op): 6:10am On Jun 12
Greatest nation on earth for a reason. Yee haw!!!!

🦅🇺🇸🇺🇸
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by madridguy(m): 6:31am On Jun 12
A country without a drop of oil grin They steal to the top.
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Botragelad(op): 6:33am On Jun 12
madridguy:
A country without a drop of oil grin They steal to the top.
Yes. No ones stopping your country to steal to the top too. Cry!
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by masterfactor(m): 7:21am On Jun 12
A country that stole Venezuela oil, caused unrest in the middle East.

A typical case of "To rob Peter to pay Paul"
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by masterfactor(m): 7:22am On Jun 12
Botragelad:
Yes. No ones stopping your country to steal to the top too. Cry!
America wannabe citizen must always defend their Lord and personal Savior
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by donleo92(m): 7:24am On Jun 12
As it should be😂

Please make Iran the 55 state in America grin

Them too get mouth grin
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by madridguy(m): 7:29am On Jun 12
You wish but you laughed at yourself at the same time.

donleo92:
As it should be😂

Please make Iran the 55 state in America grin

Them too get mouth grin
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by ekineme: 7:29am On Jun 12
This news will pain terrorist lovers, The fact that trump is destroying their beloved terrorist and winning economically at same time is beyond their comprehension.
Let them continue blocking the strait of hormuz, its a win-win for US.
Iran will not be allowed to have nukes and that's on period.
And if Trump fails which I doubt, Ogar Benji is ever willing and ready.
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Biodun556(m): 7:31am On Jun 12
Botragelad:
Greatest nation on earth for a reason. Yee haw!!!!

🦅🇺🇸🇺🇸
On top stolen oil
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Botragelad(op): 10:00am On Jun 12
Biodun556:
On top stolen oil
Is your country's oil missing.
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Botragelad(op): 11:16am On Jun 12
masterfactor:
America wannabe citizen must always defend their Lord and personal Savior
Coming from an islamist. Who gave you the right to speak?
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Kemistri3(m): 12:26pm On Jun 12
madridguy:
A country without a drop of oil grin They steal to the top.
How you guys comment with so much ignorance in this age of easy information access is incredible
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Sccarrr(m): 12:26pm On Jun 12
Botragelad:
Yes. No ones stopping your country to steal to the top too. Cry!
all this Agulu boys and famzing sef, u Sabi where US dey on map?🤣🤣
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Bluna: 12:27pm On Jun 12
Courtesy of Venezuelan oil
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Mccullum: 12:28pm On Jun 12
With stolen oil from Venezuela grin
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Backlinker01: 12:28pm On Jun 12
US is a major oil exporter and is still a major oil importer too. That I don't get.
When it comes to Africa, we know who is number one - Nigeria. Here are the others:
https://www.top5.ng/africas-petroleum-powerhouses-the-major-5-crude-oil-export-giants-on-the-continent/
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Walllee: 12:28pm On Jun 12
madridguy:
A country without a drop of oil grin They steal to the top.
Lol,u need to learn to read up other nations,the first place oil was discovered in the world is in USA at a place called Titusville

Texas alone has Oil morethan Bayelsa state.

The USA have crude oil morethan the one in Nigeria


The U.S. ranks among the top countries globally for proven crude oil reserves, while Nigeria ranks just outside the top 10.
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by bentenny(m): 12:29pm On Jun 12
Interesting!
Hmmmmmmmmm
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Dbegining: 12:29pm On Jun 12
madridguy:
A country without a drop of oil grin They steal to the top.
You can't continue displaying such ridiculous levels of ignorance online.

The US has oil.
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Flame333: 12:30pm On Jun 12
madridguy:
A country without a drop of oil grin They steal to the top.
Keep believing your myth

Don't do research before spreading ignoraaaaa
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Dbegining: 12:30pm On Jun 12
Mccullum:
With stolen oil from Venezuela grin
Actually they are also taking oil currently from Iran now.

grin grin
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by IPDGP: 12:30pm On Jun 12
I smile when some say usa no get oil
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by AngelicBeing: 12:31pm On Jun 12
Botragelad:
Greatest nation on earth for a reason. Yee haw!!!!

🦅🇺🇸🇺🇸
Gbamsulotey hahaha mucheche Oturugbeke ooooooooo mucheche 😂
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by bewla(m): 12:31pm On Jun 12
As how

Abi from Venezuela. own
Pls make us no sharp
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by tollyboy5(m): 12:32pm On Jun 12
Botragelad:
Yes. No ones stopping your country to steal to the top too. Cry!
Oh you support stealing now
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by DeltaBachelor(m): 12:32pm On Jun 12
Okay. Congratulations to them
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by Typing: 12:32pm On Jun 12
masterfactor:
America wannabe citizen must always defend their Lord and personal Savior
A terrorist wana be citizen will always oppos US cheesy
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by tollyboy5(m): 12:33pm On Jun 12
madridguy:
A country without a drop of oil grin They steal to the top.
US get oil , no reason am og
Re: US Overtakes Saudi Arabia And Russia As Top Oil Exporter by kaywhy09(m): 12:34pm On Jun 12
The cesser has taken so much
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