🚨🇺🇸 THE US JUST LOST ITS SAUDI OIL SUPPLY.
For the first full month since 1985, US imports of Saudi crude fell to ZERO in July.
Let that sink in.
US refiners were buying more than 800,000 barrels a day from Saudi Arabia earlier this year.
Then the US-Iran conflict disrupted Persian Gulf crude flows and effectively shut down Saudi shipments to America.
And someone had to fill the gap.
🇻🇪 Venezuela stepped in with roughly 600,000 barrels per day.
This is bigger than an oil headline.
It signals a major shift in global energy flows with potential consequences for oil prices, inflation, geopolitics and US energy security.
The world’s oil supply map is changing FAST. 🌎⛽
#Oil #Bitcoin #Crypto #Geopolitics #Markets $CL $BZ
For the first full month since 1985, US imports of Saudi crude fell to ZERO in July.
Let that sink in.
US refiners were buying more than 800,000 barrels a day from Saudi Arabia earlier this year.
Then the US-Iran conflict disrupted Persian Gulf crude flows and effectively shut down Saudi shipments to America.
And someone had to fill the gap.
🇻🇪 Venezuela stepped in with roughly 600,000 barrels per day.
This is bigger than an oil headline.
It signals a major shift in global energy flows with potential consequences for oil prices, inflation, geopolitics and US energy security.
The world’s oil supply map is changing FAST. 🌎⛽
#Oil #Bitcoin #Crypto #Geopolitics #Markets $CL $BZ