Crude oil shipments from the United States’ top oil-exporting hub have plunged 35% since the first quarter with more declines expected this summer as the impacts of the coronavirus pandemic Continue Reading
The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that likely will push the national unemployment rate to 16% or higher this Continue Reading
Surging shale production and growing global demand for light low-sulfur oil helped U.S. crude exports to soar by 45 percent year on year in 2019, reaching an average of 2.98 Continue Reading
America’s nascent status as a net petroleum exporter is already at risk as plunging oil prices threaten domestic production and give a leg-up to world’s biggest producers. The U.S. only in Continue Reading
The U.S. Energy Information Administration revealed Wednesday that U.S. crude oil exports averaged 2.98 million barrels per day last year. The U.S. Energy Information Administration (EIA) revealed Wednesday that U.S. Continue Reading
China’s fuel exports are booming amid battered domestic demand due to the coronavirus outbreak, analysts and trade sources tell Reuters as higher Chinese exports flood the Asian market, which sees Continue Reading
China’s oil product exports are likely to be flat in February, compared with January, as there was not much room to make changes to planned exports, but volumes are expected Continue Reading
All told, the US could become the largest crude oil exporter within five years. While U.S. crude oil production has soared 160 percent to 13 million b/d in the shale-era Continue Reading
US crude oil exports will average 3.6 million b/d in 2020, a growth of 650,000 b/d from 2019 but 300,000 b/d lower than previously expected on slower production growth and Continue Reading
Two factors could directly affect the future level of US crude exports. Thanks to the shale oil revolution, for the first time since the 1940s, the United States exported more Continue Reading
