ROBIN BROOKSem fx
How the US Became a Massive Oil Exporter
From the original
The US in recent months has become a massive oil exporter and that's not about the SPR
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Lead — The resurgence of US shale production, driven by new pipeline capacities, is reshaping the oil landscape into what Goldman Sachs refers to as the 'New Oil Order.' This is significant for FX traders, as the dynamics of oil can directly influence currencies tied to commodity exports. Per the full note from Goldman Sachs, emerging supply from the Permian Basin will stabilize pricing while also encouraging faster cycles in production efficiency.