U.S. Gulf Coast Crude Exports Are Breaking Records
Oil exports from the US Gulf Coast are set to hit an all-time high of 3.3 million barrels per day (bpd) in the second quarter of 2022, as refining capacity Continue Reading
U.S. Gulf Coast crude oil exports to touch record high this quarter
Exports of crude oil from the U.S. Gulf Coast could hit a record 3.3 million barrels per day (bpd) this quarter, analysts said on Monday, as Europe chases U.S. crude Continue Reading
Russian Crude Flows Slump, But It’s Likely to Prove Temporary
Russia’s seaborne crude exports plunged last week, but the drop probably doesn’t indicate that sanctions are starting to bite. Flows from Russian ports were down week-on-week by 20%, falling to Continue Reading
Russia Looks To Lure Asian Buyers With Higher Quality Crude
Russia has improved the quality of its flagship Urals crude grade in the past two months, making it lighter and sweeter, and even more attractive for buyers in Asia who Continue Reading
U.S. Crude Exports Boom Amid Recovering Global Demand
U.S. crude oil exports have jumped in recent weeks as America leads supply growth amid steady and resilient global demand, according to commodity analytics provider Kpler, cited by Reuters . Continue Reading
Port of Corpus Christi crude shipments up 65% in 2020, sees record tonnage
The Port of Corpus Christi saw a 65% increase in crude shipments in 2020 to 96.4 million mt, leading to a record tonnage throughput of 159.7 million mt in a Continue Reading
U.S. oil-export projects stall as output slips, opposition builds
The coronavirus pandemic has stalled a once-furious race among energy companies to build deepwater oil export terminals off the Texas coast, amid permitting delays and rising environmental opposition. Only three Continue Reading
US Oil Exports Can Compete at $30 Break-Even
Asian economies that appear to have a handle on the initial macroeconomic destruction caused by COVID-19 also happen to be prolific buyers of U.S. light sweet crude. The near-term economic Continue Reading
US crude exports jumped back over 3 million b/d last week, exports to China remain strong
VLCC rates fall in recent weeks, contango easing US crude exports jumped back over 3 million b/d last week, for the first time in a month as exports to China Continue Reading
Texas Oil-Export Terminals Start Up Even as Shipments Tumble
Yet another Texas terminal is preparing to export oil, even as the pandemic continues to hammer global demand for U.S. crude. Buckeye Partners LP expects to start loading ships with oil for Continue Reading