As global oil markets shift their attention from U.S. shale oil production back to a resurgent Saudi Arabia and Russia and geopolitical concerns bearing down on oil prices, Citigroup said Continue Reading
A 2 million barrel-carrying supertanker arrived for the first time at a jetty in Texas City as surging U.S. oil output drives up incentives to export. The Nave Quasar, a Continue Reading
Last week, the U.S. averaged 2.3 million barrels per day in crude oil exports, the highest average for any week on record. The surge in exports is being driven by Continue Reading
U.S. crude, product exports rise to record 8.3m b/d last week Higher prices encourage the nation to pump more: Citigroup The U.S. looks likely to overtake Saudi Arabia to become Continue Reading
Soaring output, weak U.S. oil prices to fuel record outflows American refiners may be near limits on local oil processing Selling more than two million barrels a day of U.S. Continue Reading
One of the uncertainties in the energy market is how demand figures respond to higher oil prices, analysis finds. U.S. consumers are paying about 15 percent more for gas than Continue Reading
Rapid increases in U.S. oil output and exports over the past two years are forcing some traders and producers to try alternative ways of pricing crude. While the market benchmark Continue Reading
Texas LNG has signed eight non-binding deals with potential buyers of liquefied natural gas (LNG) in China, southeast Asia and Europe, the company’s chief executive said on Wednesday. They include Continue Reading
Bottlenecks on the U.S. natural gas superhighway are starting to stack up, raising concerns about whether the infrastructure can be built fast enough to meet surging supplies. Gas output will Continue Reading
US gasoline exports breached the 1 million b/d level in the week ended March 23, the fourth time this has happened and the first week it has ever occurred in Continue Reading
