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Commodities

Middle East Oil Floods US Shores with 9M Barrels

Guavy AI Editorial Team
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Oil
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A large shipment of Middle Eastern crude oil is arriving at US ports in August, providing some relief to a market strained by wartime demand for American exports.

According to data from maritime intelligence firm Kpler, at least 9 million barrels of oil from the region are expected to arrive at US shores throughout August.

This influx represents a significant increase, but still only about half of the average level seen before the conflict began.

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