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US Set to Ship Record Crude Into 2023 as Energy Crisis Deepens

  • Europeans have taken comfort in American oil supplies
  • Exports in 2023 seen to average over 4 million barrels a day
A tanker loads oil products in Corpus Christi, Texas.

A tanker loads oil products in Corpus Christi, Texas.

Photographer: Eddie Seal/Bloomberg

US crude sales overseas are set to hit fresh records through next year as American oil increasingly takes market share in Europe.

Earlier this month, weekly government figures showed an unprecedented 5 million barrels a day of US crude being exported. Shipments are poised to average over 4 million barrels a day over the next few months and into next year, according to the most optimistic in the oil industry.