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Lisa Abramowicz: U.S. crude exports reach new record high
Lisa Abramowicz, Journalist, Co-host on Bloomberg TV/Radio at Bloomberg, reports that U.S. exports of crude and petroleum products surged to a record level last week, reaching nearly 12.9 million barrels per day according to the U.S. Energy Information Administration.
She highlights that the U.S. almost flipped to being a net exporter of crude for the first time since weekly government data began in 2001.
Abramowicz has previously tracked major shifts in energy markets, noting that Brent crude climbed 58% in its largest monthly gain on record. In a separate report, she observed that banks have tripled lending to private equity and credit since 2018, surpassing $300 billion. These reports form part of her ongoing coverage of significant changes in commodities and financing activity.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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