US imports of Saudi Arabian oil fell to zero in July—the first full-month absence since 1985—per preliminary government data. The sudden stop in a long-standing supply source is a near-term supply headwind that could pressure crude benchmarks depending on substitution availability.
US imports of Saudi Arabian oil fell to zero in July—the first full-month absence since 1985—per preliminary government data. The sudden stop in a long-standing supply source is a near-term supply headwind that could pressure crude benchmarks depending on substitution availability.
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