U.S. Oil Exports Rising Amid Middle Eastern Turmoil
The average day rate for modern VLCCs, used to ship crude and petroleum products, has risen 69% to $30,759 since tensions flared in the strait earlier this month, according to Continue Reading
U.S. refiner Phillips 66 enters offshore oil export race: document, source
U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, challenging at least eight other projects aiming to send U.S. shale oil to Continue Reading
Heavy Crude Shortage Pushes Louisiana Export Loadings To Record High
As many as six Very Large Crude Carriers are loading and due to load crude oil for export at the Louisiana Offshore Oil Port, Reuters reports , citing unnamed sources Continue Reading
US energy department rebrands gas exports ‘molecules of freedom’
US energy officials appeared to rebrand natural gas produced in the country as “freedom gas”, in a statement announcing an increase in exports. The US Department of Energy said the Continue Reading
The Energy 202: Trump administration’s ‘molecules of U.S. freedom’ come with a cost
“Molecules of U.S. freedom.” “Freedom gas.” That’s the latest way the Trump administration has decided to describe fuel that oil and gas companies are selling abroad. Both of those turns Continue Reading
Oil Tanker Collision In Houston Causes Leak, Closes Critical Port
A collision between an oil tanker and a tug boat in the Houston Ship Channel on Friday caused a capsizing and an oil derivative leak. The tug boat, according to reports, Continue Reading
Houston Ship Channel partially open to traffic; inbound queue of vessels mounts
The Houston Ship Channel remained partially open to both inbound and outbound traffic Monday, three days after a collision between a tanker and a tug shut the key waterway, a Continue Reading
Booming Oil & Gas Help Texas Exports Grow 3 Times Faster Than U.S. Average
The value of exports of oil and gas from Texas jumped by 45 percent, CNBC reports , citing data from trade research firm WISERTrade. The value of Texas’ petroleum and Continue Reading
Refinery margin tracker: US poised to be net exporter of gasoline this summer
US refining margins trended higher last week, pulled up by refinery outages and lower gasoline stocks on the cusp of the summer driving season, an analysis by S&P Global Platts Continue Reading
Supertanker Loads American Oil Without Nearing US
A supertanker filling up with crude in the Gulf of Mexico is routine these days. Less so is a supertanker loading American oil without coming within 1,000 miles of the Continue Reading