Oil World Turns Upside Down as U.S. Sells Oil in Middle East

  • Cargo said to be condensate meant for Abu Dhabi’s splitters
  • U.S. exported about 700,000 barrels to U.A.E.: Census Bureau

The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil. Continue reading