Crude oil exports – Page 4

Trump Administration Moves to Limit State Powers to Block Pipelines, Terminals

August 9, 2019

From Reuters The U.S. Environmental Protection Agency on Friday unveiled a proposal that would curb state powers to block pipelines and other energy projects, as part of the Trump administration’s effort to boost domestic oil, gas and coal development. The move, swiftly criticized by an organization representing progressive states, comes four months after President Donald Trump ordered the EPA here

Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, Oil & Gas 360

Saudis to Limit Oil Exports in September to Stabilize Market

August 8, 2019

From The Houston Chronicle Saudi Arabia plans to keep oil exports below 7 million barrels a day next month as OPEC’s biggest producer allocates less crude than customers demand in a bid to stabilize the market, according to the kingdom’s officials. State-run Saudi Arabian Oil Co., known as Aramco, will cut customer allocations across all regions by a total of

EIA: Saudi Arabia Has Been Exporting More Crude Oil to China, Less to the United States

July 24, 2019

From the EIA Saudi Arabia’s crude oil production approached a four-year low in May 2019, averaging an estimated 9.9 million barrels per day (b/d), more than 1 million b/d lower than its all-time high in November 2018. Production in Saudi Arabia dropped following a December 2018 agreement by members of the Organization of the Petroleum Exporting Countries (OPEC) to cut

India’s MRPL Buys its First U.S. Thunder Horse Oil

July 9, 2019

From Reuters India’s state-run Mangalore Refinery and Petrochemicals Ltd (MRPL) has made its first purchase of U.S.-produced Thunder Horse crude oil via a tender for mid-October delivery, its managing director M. Venkatesh said on Friday. “The price offered was very competitive,” Venkatesh said. The state-run refiner placed an order to buy 1 million barrels of the sour oil, he said.

Canadian Crude Gulf Coast Exports Rise as Venezuelan Gap is Filled: Reuters

June 20, 2019

From Reuters HOUSTON (Reuters) – Heavy crudes have poured into the United States this spring, offsetting the loss of Venezuelan oil and producing a mini-surplus, with Canadian heavy crude this month being exported from the U.S. Gulf Coast. U.S. refiners have lined up larger supplies from Canada, Iraq and Colombia since Washington in January began choking off the flow of

Building Boom Shows Biggest U.S. Oil Hub Hasn’t Lost Its Allure

June 5, 2019

From Bloomberg Over two million barrels a day of new pipe capacity planned, Storage capacity at Cushing could reach 100 million barrels America’s largest oil hub in Cushing, Oklahoma, is growing even as producers and traders look to move surging West Texas production to the coast for export. The U.S. petroleum industry is planning to build about 4.8 million barrels

Port of Corpus Christi ship channel deepening - Oil & Gas 360

Port of Corpus Christi Begins $380 Million Channel Dig to Add 7 More Feet

May 30, 2019

Port of Corpus Christi Begins $380 Million Channel Dig to Add 7 More Feet From the Houston Chronicle The Port of Corpus Christi has started work on $380 million project to deepen and widen its ship channel to allow for two-way supertanker traffic. The project should be completed in 2022. Port officials and community leaders held a Wednesday morning ceremony

Export Bonanza: the U.S. Exported 2 Million Barrels per Day of Crude Oil in 2018 to 42 Destinations

April 15, 2019

LOOP’s addition of crude export capability stomps the export accelerator In 2018, U.S. exports of crude oil rose to 2.0 million barrels per day (b/d), nearly double the 1.2 million b/d rate in 2017, according to new data from EIA. Export volumes by destination changed significantly during the year, as U.S. crude oil exports to China fell and exports to other

Ports Jockey for Booming U.S. Crude Oil Export Trade

April 10, 2019

Texas ports are taking measures to deepen, widen ship channels, expand port capacity; Florida port receives cargo from new Aframax crude tanker By Bevo Beaven, Editor, Oil & Gas 360 The Texas Gulf Coast is host to two ports working to expand capacity to accommodate the booming U.S. crude oil export trade—Port of Houston and Port of Corpus Christi. The

South Korea Tests U.S. Super Light Oil as Iran Waiver Uncertainty Escalates: Reuters

April 8, 2019

From Reuters South Korea has begun testing super-light U.S. oil sold by Anadarko Petroleum Corp as a substitute for Iranian crude while it awaits word from Washington on whether it can keep buying oil from the Middle Eastern nation, sources said. South Korea is one of Iran’s biggest Asian customers and was one of eight importers that received waivers to

Mt Astra (Suezmax) Loading at Corpus Christi ship tanker -Corpus Christi Harbor Island Terminal Complex Targets Deepest Channel Depth of any Onshore Crude Oil Export Facility in the U.S. Oil and GAs 360

Corpus Christi Harbor Island Terminal Complex Targets Deepest Channel Depth of any Onshore Crude Oil Export Facility in the U.S.

April 2, 2019

POCC Commission approves 50-year lease with Carlyle Group, Berry Group JV Crude oil exports are one of the key growth engines that the Port of Corpus Christi is flexing its significant muscle to build up. Port of Corpus Christi This expansion of export capacity is perfectly timed to allow Permian Basin and Eagle Ford producers to move the area’s light

Enterprise to Offer Crude Oil for Export in Second WTI Electronic Auction

March 20, 2019

Enterprise to Offer Crude Oil for Export

Premium Content