Increasing production and mismatch between crude oil type and refinery configuration allows for more of the increasing U.S. crude oil production to be exported The Gulf Coast is the first region to export more crude oil than it imports since the West Coast saw small net exports in early 1990s U.S. crude oil production boomed in 2018 and so did
from Reuters WASHINGTON – Rapidly expanding exports of U.S. fossil fuels, including liquefied natural gas (LNG), serve as leverage in trade negotiations with China, Energy Secretary Rick Perry said on Monday. “It’s part of the mix, it may not be the driver, but it’s always hanging out there as part of the matrix,” Perry said in an interview on CNBC. “America
Enterprise Products Partners’ SPOT crude oil export project, offshore Texas, officially kicks off permitting phase, targets 2020 for exports By Bevo Beaven, Editor, Oil & Gas 360 The United States Maritime Administration (MARAD) and the United States Coast Guard (USCG) announced on Monday that the agencies received an application from SPOT Terminal Services LLC (SPOT) for federal authorizations required for
For the first time in its storied history, West Texas’s Permian Basin will likely surpass a major milestone in March, when its production is forecast to exceed four million daily barrels (4 MMBOPD), according to U.S. Department of Energy projections. The Permian now accounts for 48% of all unconventional oil output and is producing more than all the major basins
From S&P Global/Platts Washington — Top US energy and agriculture officials will return to China next week for the latest round of trade talks that could signal whether crude and LNG flows will pick up between the two countries this year or remain mired in the dispute. The talks come just two weeks before the next potential round of tariff escalation.
Pin Oak Acquires Expansion Land In Corpus Christi
Lone Star Ports and Martin Midstream Partners will create exclusive VLCC export solution on Harbor Island EPIC crude oil pipeline will connect Harbor Island to more than 1 MMBOPD A week ago, the funding to dredge the Corpus Christi ship channel was given the thumbs up by the U.S. Army Corps of Engineers. Now, the Port of Corpus Christi Authority
Takeaway: 3 full supertankers can take away about six million barrels of U.S. crude oil production On Monday the U.S.’s first and only deepwater crude oil port announced that it had loaded U.S. crude oil into three supertankers in just the past seven days and sent the cargoes abroad. The offshore oil terminal is called LOOP, which stands for Louisiana
Expanded Texas shipping lane could help cut trade deficit by $50B
From The Houston Chronicle The Port of Corpus Christi reported record amounts of shipments in the third quarter of 2018. The Port of Corpus Christi has broken a tonnage record set in 2015, with growing crude oil and fuels exports driving much of the growth. The port said 79.3 million tons of goods were shipped into and out of the
Sparked by the United States lifting a 40-year ban on crude oil exports in late 2015, the CME Group and Argus have both joined the U.S. Gulf Coast competition to provide contract deliverable oil futures to traders. “It’s going to be a primarily commercial contract to start with – we’re seeing this as something that will be of interest to
From UPI The U.S. Navy’s 5th Fleet is deployed in the Persian Gulf, with aircraft carriers, ships and aircraft. On average there have been 2.5 interactions per month between January 2016 and August 2017 with Iranian navy forces, the U.S. Navy said. The United States also has military personnel stationed in Saudi Arabia, Kuwait, Bahrain and Turkey. Aug. 27 (UPI)
