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Authored by Simon Watkins via OilPrice.com, The Americas are replacing the Middle East as the key source of global oil supply, with crude exports from the Western Hemisphere hitting a record 14.5 million bpd while Strait of Hormuz traffic collapsed. Trump’s broader energy strategy aims to weaken OPEC’s influence and cement U.S. dominance over global energy markets. Venezuela, Argentina, and Brazil are emerging as the biggest growth engines, with Venezuela rebuilding output, Argentina rapidly expanding Vaca Muerta shale production, and Brazil reaching record production levels. Oil exports from the U.S. and its ‘Americas’ sphere of influence continue to be the…
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