Subscribe Sign In

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/articles/u-s-regains-its-energy-clout-as-ukraine-war-enters-second-year-2b910ff

War in Ukraine Drives New Surge of U.S. Oil Exports to Europe

With the West mostly shunning Russia’s oil and gas, U.S. crude exports increase

More oil from shale regions such as the Permian Basin in western Texas is being directed to the Gulf Coast for shipment to overseas markets.Photo: Joe Raedle/Getty Images

By David Uberti

and Bob Henderson

Updated Feb. 26, 2023 4:13 pm ET

A year of war in Ukraine is revitalizing U.S. oil exports as a source of financial influence and geopolitical power.

As the West has shunned most Russian energy, unleashing a pressure campaign against the Kremlin’s petroleum revenues, record U.S. crude exports have helped fill the gap in Europe with the oil needed to produce gasoline, diesel and jet fuel.

What's News

Continue reading your article with
a WSJ membership

Already a member? Sign In

Sponsored Offers

TurboTax:
TurboTax service code 2023 - $20 off
Wayfair:
Wayfair coupon $20 off
The Motley Fool:
Sign up to Stock Advisor for $79 for 1 year
American Eagle Outfitters:
All Jeans + Pants 25% off! Plus, 60% off clearance with American Eagle promo code
Kohl's:
Kohl's Coupon 30% off sitewide
Walmart:
Walmart promo code 2023 - $20 off $50