Crude oil exports – Page 6

Port District of Houston-Galveston is Now Net Exporter of Crude

August 20, 2018

April data confirms flip from importer The U.S. port district of Houston-Galveston in Texas recently began exporting more crude oil than it imported for the first time on record. Crude oil exports from the Houston-Galveston port district have increased since the restrictions on U.S. crude oil exports were lifted at the end of 2015. In April 2018, crude oil exports from Houston-Galveston surpassed crude

Exxon Seeks to Establish Long-Term Contracts for U.S. Oil Exports

August 10, 2018

From Bloomberg Oil major is in talks with Asian refiners on term deals: sources Exxon Mobil Corp. is courting refiners with rare long-term U.S. crude export deals, according to people familiar with the matter, as the company expands its trading scope. The oil giant has approached several refiners to discuss contracts for exports of light, sweet crude from the prolific Permian

Like fine whisky, Texan oil exporters tout unblended crude - oil and gas 360

Another Deepwater Oil Port for Texas

August 8, 2018

Largest U.S. crude and condensate exporter in 2017 is behind the project From Offshore Technology Multinational commodities trader Trafigura has applied for permission to build a deepwater oil port in Texas, US, capable of accommodating supertankers, in order to increase US oil export infrastructure. There are currently no inland ports in the U.S. that can fully load very large crude

U.S. Oil Exports: ICE to Launch Houston Oil Contract

July 18, 2018

From Reuters Intercontinental Exchange on Tuesday said it would launch a crude oil futures contract deliverable in Houston later this quarter, capitalizing on the growth in U.S. exports of crude oil that have risen to about 2 million barrels a day. Houston has become the pricing center for U.S. crude oil production and exports, and the new contract is designed

U.S. Oil Exports, Tariff War, at Epicenter of Shifts in Global Oil Trade

July 16, 2018

From Hellenic Shipping News The escalation of the trade war between the US and China is about to bring significant changes in crude ton/mile demand as US crude freights could soon be moving away from China and heading towards India, South Korea, Thailand and Taiwan. In its latest weekly report, shipbroker Gibson said that “when Donald Trump decided to run for

U.S. Oil Could Soon Help Set the Brent Crude Price

July 9, 2018

From Bloomberg Cargoes delivered to the port of Rotterdam could be affected U.S. exports boom is helping to redefine crude oil trading S&P Global Platts, the company that sets the key price of Brent crude, is contemplating the eventual incorporation of U.S. oil to help calculate one of its newest European benchmarks, a sign of just how much America’s booming

Oil Price Reached $74 This Week, But Double That Could Be on the Horizon

July 6, 2018

Despite the surprise moderate build in U.S. crude oil stockpiles, analysts are worried of an impending price spike to $150 or more. Prices Today Crude oil stocks rose by 1,245 MBBL last week to 417,881 MBBL from 416,636 MBBL. This is 17% below the 502,914 MBBL that was in storage at this point last year, and is 2% below the

Saudi, Russia Reaffirm Deal that will Generate Million-Barrel Oil Boost

July 5, 2018

From The Houston Chronicle Saudi Arabia and Russia reaffirmed an agreement between OPEC and its allies, which they say will mean increasing oil production by 1 million barrels a day. Their joint announcement came days after U.S. President Donald Trump said he’d received assurances from Saudi Arabia that the kingdom could boost output by double that amount. The White House

Mexico Oil Hedge Expected to Continue With AMLO, Adviser Says

July 5, 2018

From Bloomberg Mexico’s new government will probably continue hedging the country’s oil output in what is the world’s largest annual oil deal, according to an economic adviser to president-elect Andres Manuel Lopez Obrador. The country’s annual sovereign oil hedge and that of Petroleos Mexicanos are “working fine” and probably won’t be changed, said Abel Hibert, a member of Lopez Obrador’s

Saudis’ Biggest Oil Surge in 5 Years Barely Steadies OPEC

July 3, 2018

From Bloomberg Under U.S. pressure, kingdom boosts production by 330,000 b/d Libyan, Venezuelan losses mean total OPEC output holds steady. Saudi Arabia’s biggest oil-production surge in five years was only enough to keep OPEC’s output steady last month, as losses elsewhere in the group piled up. The kingdom is delivering on its promise to try and tame crude prices, boosting

Some Relief for Permian Producers will Soon Dock in Texas

June 21, 2018

Seaway Crude plans to load first supertanker at Texas City – it’ll be the first VLCC to be loaded at a Texas port: Enterprise Seaway Crude Pipeline Company LLC, the joint venture between Enterprise Products Partners LP (ticker: EPD) and Enbridge Inc. (ticker: ENB), plans to load its first supertanker this month at the Texas City marine terminal, according to

LNG, Crude Oil, LPG May Win Big from a US-China Trade Truce

May 23, 2018

From Bloomberg/Business Times Singapore – Commodities were a big casualty of the escalating trade war between the US and China, but are now set to be a major beneficiary of Beijing’s pledge to import more American goods. US President Donald Trump had threatened to impose tariffs on as much as US$150 billion in Chinese imports, including some steel and aluminum products,

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