U.S. DIDN’T IMPORT ANY SAUDI CRUDE FOR THE FIRST TIME IN 35 YEARS

Highlights

• Recently Saudi Arabia had threatened to change the American energy industry by unleashing a tsunami of exports in the pandemic-affected market

• According to the weekly available data through June 2010 from the U.S. Energy Information Administration, this is the first week when the US didn’t import any crude oil

• Last time, such kind of event was recorded, was in the month of Sep....