American oil output and exports continue to rise, with production expected to exceed 14 million bpd in 2027 and crude exports hitting record highs as buyers sought alternatives during the Strait of Hormuz crisis

The U.S. remains the world’s top oil producer and consumer, with shale-driven liquids growth widening its lead over Saudi Arabia and Russia.

In April, U.S. exports of crude oil hit a record 5.6 million barrels per day...