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oil exports

An aerial view of the Pasadena Refining System, Inc., in Pasadena, Texas, from 2017.
GZERO North

Why does the US Import oil despite producing enough for its needs?

The United States is one of the world’s largest oil producers, producing enough crude oil for domestic consumption and exporting millions of barrels daily. Yet it also imports roughly 8 million barrels daily, mostly heavy crude, much of which comes from Canada. Here’s why ...

File Photo: South Sudan's President Salva Kiir Mayardit attends the Intergovernmental Authority on Development (IGAD) 42nd Extraordinary Session, at the State House in Entebbe, Uganda January 18, 2024.
What We're Watching

As oil stops flowing, South Sudan risks crisis

South Sudan’s main oil export pipeline has been caught in the crossfire of the brutal civil war ripping across its northern neighbor, threatening the country’s economy and power structure.