Since Washington lifted the decades-old restrictions on the export of U.S. crude oil more than two years ago, overseas trade in oil has boomed. The United States is now exporting about 2 million barrels a day of crude oil, making America a major supplier in international oil markets.
American crude oil, along with condensate and natural gas liquids have disrupted global trade patterns, seizing a bigger share of some of the most prized petroleum markets in the world, including the Asian consumption engines China and India.
