Why U.S. Oil Exports Are Only Heading Higher
The price differential between WTI and Brent continues to widen, briefly hitting $9 per barrel on Monday, the largest discount in about three years. (Click to enlarge) Discounts of this Continue Reading
U.S. record oil exports bite into Russia, OPEC market share in Asia
Record crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia Continue Reading
Market Movers Asia, May 28-June 1: Appetite grows for N. American crude; LNG summer trading off to strong start
Asian demand for North American crude oil looks set to increase further this week after a recent rally in physical Dubai prices, and the release of higher-than-expected Saudi Aramco official Continue Reading
Chinese, others clamor for crude exports, but U.S. straining capacity
The U.S. oil export infrastructure is straining to keep up as the country’s crude oil exports hit new highs and China snaps up more of it than ever before. U.S. Continue Reading
U.S. ports may be limiting export potential
There may be limitations for U.S. crude oil exports to long-distant economies because of limited port access for large-scale carriers, the government said. The United States is on pace to Continue Reading
U.S. LNG export reshaping global markets, government finds
The United States is on pace to become one of the largest LNG exporters in the world, federal data show. Photo courtesy of Royal Dutch Shell May 17 (UPI) — Continue Reading
U.S. Gulf Coast port limitations impose additional costs on rising U.S. crude oil exports
Weekly Petroleum Status Report U.S. crude oil exports averaged 1.1 million barrels per day (b/d) in 2017 and 1.6 million b/d so far in 2018, up from less than 0.5 Continue Reading
U.S. Oil Exports Continue To Break Records
U.S. crude oil exports broke yet another record , spiking to 2.566 million barrels per day for the week ending on May 11. With U.S. shale surging and export terminals Continue Reading
Foreign appetite for U.S. oil growing, IEA finds
Most of the oil coming from U.S. shale basins will find its way out of the domestic market and into the Asian and European economies, analysis finds. The U.S. federal Continue Reading
Cheniere to decide on Corpus Christi 3 LNG export terminal within weeks
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Friday it planned to make a final investment decision to build the third liquefaction train at its Corpus Christi Continue Reading
Citi: U.S. To Become World’s Top Oil Exporter
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
Texas City Hosts First Supertanker as US Crude Gushes Out
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
U.S. Oil Exports Are Only Heading Higher
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
Citi Says U.S. May Become World’s Top Oil Exporter Next Year
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
Oil Futures Signal a Flood of U.S. Exports Is Coming This Summer
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
U.S. exporting more oil, but that could change
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
US Oil Rush Spurs ‘Triangle’ Trade as Output, Exports Soar
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 Signs Non-Binding Deals With Chinese, Southeast Asian Buyers
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
What Will It Take to Keep Up With Shale Gas Boom? $170 Billion
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
Weekly US gasoline exports breach 1 mil b/d amid weak Mexico production
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
U.S. Oil & Gas Exports Hit All-Time High
U.S. energy exports rose to record levels last year, with both petroleum and natural gas posting record-highs as the shale boom and the second full year of no restrictions on Continue Reading
Why U.S. Oil Exports Are Surging
U.S. crude oil exports are surging and going to a growing number of buyers around the world, including to the fastest-growing demand centers in Asia, the traditional stronghold of the Continue Reading
Shale Boom Creates New U.S. Oil Export Hub
Soaring Permian oil production, increased pipeline takeaway capacity, and a port expansion to accommodate larger vessels position the Texas port of Corpus Christi to become the U.S. oil export hub Continue Reading
Rick Perry: U.S. Should Ramp Up Oil, Tech Exports
The United States should make the best use of its oil and gas wealth by boosting exports and sharing production technology with other parts of world, Energy Secretary Rick Perry Continue Reading
United States as energy exporter: Is it “fake news”?
Much of the media coverage of the American energy industry implies that America has become a vast and growing exporter of energy to the rest of the world and that Continue Reading
U.S. refiners turn to export markets as gasoline growth slows at home: Kemp
U.S. gasoline consumption has leveled off as the stimulus provided by low and falling oil prices between 2014 and 2016 has faded, so refiners are increasingly turning to diesel and Continue Reading
U.S. Crude Exports Hit A Major Milestone
“There could not be a better time to offer this service as domestic production surpasses 10 million barrels per day in the ever-dynamic global crude oil market,” Tom Shaw, president Continue Reading
Louisiana Port Starts U.S. Crude Oil Exports On Supertankers
The Louisiana Offshore Oil Port (LOOP) said on Sunday that it had successfully loaded the first Very Large Crude Carrier (VLCC) with U.S. oil bound for export in what could Continue Reading
U.S. Oil Exports Go Up a Gear as Supertanker Sets Sail for China
Saudi-flagged tanker loads oil in Louisiana and heads to Asia U.S. crude exporting previously made using smaller tankers The flood of U.S. oil exports stepped up a gear on Monday Continue Reading
U.S. oil exports could be driven by OPEC’s balancing act
U.S. shale oil barrels that find their way on the international market could have the Organization of Petroleum Exporting Countries to thank, analysis suggests. The United States is now rivaling Continue Reading
Cheniere’s Sabine Pass terminal sees strong winter LNG exports
US LNG exports are stronger so far this winter compared with a year ago, thanks to global demand and two more production trains in use at Cheniere Energy’s Sabine Pass Continue Reading
U.S. crude exports expected to strengthen in 2018 amid robust demand
U.S. crude exports should jump this year, driven by robust demand from customers in Europe and Asia, analysts and traders said on Wednesday at an energy conference in Houston. Exports Continue Reading
The Biggest Oil Story Of 2017
The ban on crude exports from the U.S. was lifted at the end of 2015, and exports ticked up in the following year, but only modestly. 2017, however, was the Continue Reading
More U.S. oil export capacity in the works
A gas pipeline running from Texas shale could be converted to send oil to the Gulf Coast by the start of the next decade, Enterprise Products Partners said. The company Continue Reading
U.S. set to be net gas exporter for second year in a row
For the second year in a row, the United States is on pace to become a net gas exporter once the year is over, the federal government reported. The federal Continue Reading
Panel Rejects Washington Oil Terminal
A panel has rejected a project for the construction of an oil terminal at the port of Vancouver in the state of Washington on the grounds that the companies behind Continue Reading
High U.S. oil exports the new normal under right conditions
The sale of oil from the Bakken shale basin in North Dakota is in fact a “new reality,” so long as market conditions are right, an analyst said. U.S shale Continue Reading
The U.S. Export Boom Goes Beyond Crude
The U.S. export boom continues apace. And not only from crude exports, which clambered above 2 million barrels per day in recent weeks, but from the product piece of the Continue Reading
This Could Supercharge The U.S. Oil Exports Boom
All the oil headlines this week are rightly focused on prices spiking to the highest levels in more than two and a half years. But Brent moved up to nearly Continue Reading
U.S. oil exports boom, putting infrastructure to the test
Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the Continue Reading
Crude oil and petroleum product exports reach record levels in the first half of 2017
Crude oil exports in the first half of 2017 increased by more than 300,000 barrels per day (b/d) from the first half of 2016, reaching a record high of 0.9 Continue Reading
Higher U.S. exports draining storage levels
An increase in crude oil exports, which reached an all-time high, helped lead to the decline in storage levels for the U.S. market, data analysis show. Data from the U.S. Continue Reading
Asia oil buyers turn to U.S. in hunt for cheap supply
Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurricanes hit U.S. Continue Reading
Who Are The Biggest Buyers Of U.S. Oil?
This year the U.S. has averaged more than 900,000 barrels per day (BPD) of crude oil exports while continuing to import an average of 8.1 million BPD. In the previous Continue Reading
Oil Trading Firm Expects Unprecedented U.S. Crude Exports
U.S. crude oil exports hit an all-time high at the end of September, and are poised to surge even more to hit unprecedented levels in the coming two or three Continue Reading
Record U.S. Crude Exports Squeeze North Sea Oil
Record-high U.S. crude oil exports are putting pressure on North Sea oil as American oil is now flowing to Europe and to the prized Asian market, which has become increasingly Continue Reading
Expect more U.S. oil on the global market
U.S. crude oil exports will likely increase in part because of the discount for the U.S. benchmark price for oil against other grades, an industry report found. An emailed market Continue Reading
The Geopolitical Consequences Of U.S. Oil Exports
Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk management, emerging market economic development, and market risk assessment. His… The first you may have Continue Reading
Where The U.S. Exports Oil And Petroleum Products
An oil refinery is shown near Houston following Hurricane Harvey August 30, 2017 in Houston, Texas. Texas refineries have become an important source of petroleum product exports for countries like Continue Reading
U.S. fuel exports recover after Harvey, offering buyers respite
Fuel exports from the U.S. Gulf Coast are rising rapidly as refineries recover from weeks of disruptions due to Hurricane Harvey, offering respite to buyers in Latin America and Europe. Continue Reading