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South America Oil Exports Surge Past U.S. Levels

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South America Oil Exports Surge Past U.S. Levels

South America is experiencing an oil export boom, with regional producers collectively increasing shipments more than the U.S. has year-to-date. This surge is driven by new production and a global demand for crude not reliant on the Strait of Hormuz.

June 5, 2026Published 6 hours ago