Highlights US still relies on oil imports from Middle East, OPEC Saudi Arabia is second-largest import source for US Security of Iraq’s oil industry is a concern The US still needs Middle East oil for stability and the spare capacity of OPEC member countries despite President Donald Trump’s assertions to the contrary, analysts said at a forum on Sunday. “Clearly, oil from this region still matters,” Helima Croft, managing director and global head of commodity strategy at RBC Capital Markets, told the Atlantic Council’s Global Energy Forum in Abu Dhabi. “We still take imports into the United States, particularly the heavier barrels. The US story is, largely, a light story but also it’s a globally traded product and so disruption here does affect prices.” Trump reiterated on Wednesday that the US is energy-independent and does not need […]