Part 2/6:
Zin explains the evolution of the United States from being a major importer to becoming the second-largest exporter of crude oil, following Saudi Arabia. This shift has significantly altered the dynamics of global oil supply, especially in light of recent geopolitical tensions, such as the fallout from the Ukraine war. With the U.S. now contributing over 10 million barrels of oil daily to the market, the impact of Middle Eastern conflicts on oil prices has lessened.