Global crude exports decline

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Middle East oil exports

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Middle Eastern crude exports

Reuters

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Global crude exports dip as trade routes reshuffle again

Summary

Nutrition label

78% Informative

The volume of global crude exports in 2024 declined 2% , the first fall since the COVID-19 pandemic.

The shift in oil flows "is creating opportunistic alliances," said Adi Imsirovic , an energy consultant.

The U.S. with its surging shale production has been a winner in the global oil trade.

In 2025 , suppliers will keep grappling with falling fuel demand in major consuming centers.

Trump 's proposed 25% tariff on Canadian and Mexican crude, the top two foreign oil suppliers to the U.S. , could also change oil flows in 2025 , analysts said. (Reporting by Arathy Somasekhar in Houston , Enes Tunagur in London and Siyi Liu in Singapore ; Editing by David Gregorio ).