Biden says he won’t cancel $50,000 in student loan debt but will have an answer on forgiveness in a few weeks


More of Europe’s crude supply is coming from deep in the heart of Texas

HOUSTON (Reuters) -U.S. crude exports to Europe climbed in March and April as buyers across the Atlantic snapped up the country’s light sweet grades to offset the expected loss of Russian oil, according to shipping data, traders and analysts. As the European Union weighs an oil embargo on Russia over its invasion of Ukraine, U.S. exporters are ramping up shipments of U.S. light crude to Europe, helped by Washington’s decision to release 180 million barrels of oil from the U.S. Strategic Petroleum Reserve, which is flooding the domestic market. U.S. crude exports bound for Europe are close to 1.5 million barrels per day (bpd) so far in April, the highest in two years and one of the strongest months on record, said Matt Smith, lead oil analyst for the Americas at data provider Kpler.

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