In the first half of 2016, the United States exported 4.7 million barrels per day (b/d) of petroleum products , an increase of 500,000 b/d over the first half of Continue Reading
U.S. crude oil is reaching all corners of the world, after a 40-year ban on exports was lifted at the end of last year. More than 87 million barrels of Continue Reading
Last December, the United States government voted to lift four-decades of restrictions on crude oil exports as part of a bipartisan effort to prevent another government shutdown caused by political Continue Reading
With natural gas pipeline exports to Mexico on the rise and the ramp up of US LNG exports from Louisiana, the US Energy Information Administration on Tuesday projected the US Continue Reading
U.S. crude oil exports rose to a record 662,000 barrels per day in May from 591,000 bpd in April, foreign trade data from the U.S. Census Bureau showed on Wednesday. Continue Reading
Mid Continent Well U.S. crude oil exports rose to 591,000 barrels per day in April, up 83,000 barrels from March, according to new data from the U.S. Census Bureau on Continue Reading
After heading as far as Israel and China, unrestricted U.S. crude oil exports are set for another first since a 40-year ban on overseas sales was lifted three months ago: Continue Reading
Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period Continue Reading
The US government abolished 40-year-old constraints on crude oil exports in December. But since then less US oil has been put on ships headed abroad. Volumes of US crude exported Continue Reading
Three months since the U.S. lifted a 40-year ban on oil exports, American crude is flowing to virtually every corner of the market and reshaping the world’s energy map. Overseas Continue Reading
The Cheniere-operated Sabine Pass LNG terminal in Louisiana is preparing to load its second cargo, market sources said Friday. The facility is understood to be taking more feed gas than Continue Reading
US gas drillers, battered by the lowest prices in 17 years, find another release valve for their output: Canada. (Bloomberg) — U.S. gas drillers battered by the lowest prices in Continue Reading
U.S. exports of distillate fuel oil have been basically flat since 2013, ending years of strong growth, as U.S. refiners face stiff competition from big new refineries in Asia and Continue Reading
U.S. exported average 364,000 barrels/day of crude in January U.S. monthly crude oil exports fell to an average 364,000 barrels a day in January, the first full month of unfettered Continue Reading
The price of regular unleaded gas is pictured at 3.79 U.S. Dollar per gallon (3.7 Liter) at a 76 gas station in Los Angeles, California February 4, 2016. As U.S. Continue Reading
Exxon Mobil Corp. has become the first major U.S. oil company to ship American crude overseas, joining a band of independent traders that are trying to ease a glut at Continue Reading
The first ship carrying natural gas from the Gulf Coast is expected to depart soon, marking the emergence of the U.S. as a major exporter and the globalization of the Continue Reading
The startup of US LNG exports, some of which will be headed for Europe, will shift market dynamics, creating a much more competitive European gas market, a senior official from Continue Reading
Though a 40-year-ban on crude oil exports from the United States was lifted, federal data show total crude oil exports up only marginally from last year. Trading company Vitol, which Continue Reading
Enterprise Product Partners LP ( EPD.N ), among the first companies to export U.S. crude after the lifting of a decades-old ban, said on Thursday that the current oil price Continue Reading
Two tankers of US oil arrived in Europe last week, delivering the first cargoes allowed since Washington repealed a decades-old ban on exporting crude. With two more vessels now crossing Continue Reading
The first oil tanker to sail from the US after restrictions were lifted on the country’s crude exports has arrived in Europe, a landmark moment for an industry battling a Continue Reading
The natural gas shipment had been expected to depart from the Houston-based company’s Sabine Pass plant in southwest Louisiana later this month. Cheniere said the shipment had been postponed until Continue Reading
The ink is barely dry on legislation to lift a 40-year-old ban on exporting U.S. crude and energy companies already are jockeying to ship American oil overseas. Two tankers filled Continue Reading
Demand for shipments of liquefied natural gas from Asian economies that are the world’s biggest gas importers dropped in 2015, according to a report published Wednesday, including a first-ever decline Continue Reading
The US moved one step closer to becoming a global natural gas exporter on Monday as the 160,000 cu m Energy Atlantic LNG carrier began its final approach to Cheniere Continue Reading
Custom tugboats designed to tug LNG tankers are docked at the Cheniere’s Sabine Pass LNG facility in Cameron, Louisiana. Somewhere in the Gulf of Mexico right now, the Energy Atlantic Continue Reading
The Energy Atlantic, a 290-metre tanker steaming slowly through the Gulf of Mexico, is about to make history. It is scheduled to arrive on Tuesday at Cheniere Energy’s Sabine Pass Continue Reading
U.S. average daily crude exports plummeted 36 percent to about 320,000 barrels a day in November, the last full month in which restrictions on such shipments were in effect, according Continue Reading
The worst fears of OPEC and Asian gas exporters are about to come true. U.S. shale drillers who pushed domestic crude production to a 45-year high and unlocked record amounts Continue Reading
Cheniere Energy Inc. began production at what will become the first terminal to export natural gas from America’s shale formations, according to ING Capital LLC, which helped finance the project. Continue Reading
Energy companies and oil trading firms that teamed up to build several mini-refineries that convert a swelling surplus of ultra-light U.S. crude into fuels for export seemed like a pretty Continue Reading
It took years to lift a ban on most U.S. oil exports. It took a week for the first shipment to be announced. Enterprise Products Partners LP will load 600,000 Continue Reading
OPEC’s biggest producers probably don’t need to worry about their sales being challenged by U.S. crude exports to Asia, yet. U.S. West Texas Intermediate oil must drop $4 to $6 Continue Reading
Working the halls of Congress, lawmaker by lawmaker, to end the ban on U.S. crude oil exports, oil-state senators and energy company executives were united by a single strategy and Continue Reading
Congress abolished the 40-year ban on oil exports this past week, a victory for oil companies and conservatives that few thought conceivable until recently. One thing made it possible: supporters Continue Reading
President Obama is expected to sign a bill that would lift a crude oil export ban because it’s balanced by renewable energy incentives, a research note said. After several legislative Continue Reading
Republican leaders and the Obama White House are both claiming victory in this week’s dramatic policy shift that allows the export of U.S. oil for the first time in 40 Continue Reading
The lifting of the U.S. ban on oil exports might actually make imports more appealing. By allowing American oil to compete globally, the price for U.S. benchmark West Texas Intermediate Continue Reading
U.S. shale drillers will soon be able to sell their oil all over the world. Too bad no one needs it right now. A congressional deal to lift the 1970s-era Continue Reading
In a move considered unthinkable even a few months ago, congressional leaders have agreed to lift the nation’s 40-year-old ban on oil exports, a historic action that reflects political and Continue Reading
Restrictions on U.S. crude exports may disappear. That doesn’t mean the sky is falling for refiners. A Bloomberg index of 11 U.S. independent refiners rose 2.1 percent at 2:59 p.m. Continue Reading
In a move considered unthinkable even a few months ago, congressional leaders have agreed to lift the nation’s 40-year-old ban on oil exports, a historic action that reflects political and Continue Reading
Traders betting that U.S. crude prices will jump above those in the rest of the world if Congress lifts America’s oil-export ban may be disappointed. Negotiators are inching closer to Continue Reading
Charif Souki has fallen at his moment of triumph. Cheniere Energy, the company he founded, is about to begin something that many people thought could never be done: exporting liquefied Continue Reading
Congress is likely going to lift the nation’s 40-year-old ban on oil exports as part of broader spending and tax legislation , according to congressional aides of both parties, a Continue Reading
U.S. crude oil exports jumped nearly 91,000 barrels per day in October, mostly due to a major increase to Canada, foreign trade data from the U.S. Census Bureau showed on Continue Reading
US Senate Energy and Natural Resources Committee Chair Lisa Murkowski (R-Alas.) welcomed news that the USDepartment of Commerce has approved a crude oil exchange with Mexico. “Although it took 2 Continue Reading
Sen. John Hoeven, R-N.D., says he’ll try to work language into a highway funding bill that would lift a ban on crude oil exports. File Photo by Kevin Dietsch/UPI BISMARCK, N.D., Nov. 13 (UPI) — A Republican senator from North Dakota said he was working to insert language in a highway-funding bill that would lift a ban on U.S. crude oil exports. U.S. Sen. John Hoeven , R-N.D., told oil industry leaders gathered in Williston, a city at the heart of the state’s shale oil boom, that lifting a 40-year-old ban on crude oil exports would help support the state’s industry workers . "That’s why I am working to include legislation lifting the ban in the new highway bill that Congress is on track to pass," he said in a statement. Washington enacted a ban on domestic crude oil exports after Arab members of the Organization of the Petroleum […]
Several US companies have sought permission from the Obama administration to export crude oil to European, Asian, African and Latin American countries, but have been rejected because they have failed to qualify for strict exemptions to long-standing crude export restrictions, a key administration official said Thursday. These companies, many of whom sought exchanges with countries similar to a 75,000 b/d exchange announced by Mexico’s Pemex this week, were not allowed to export US crude to several other countries because they could not prove the oil could not be marketed in the US, the US Commerce Department’s Matthew Borman said during an Argus conference in Houston. US law "favors" crude exchanges, or swaps, with Canada and Mexico, but only allows swaps to other countries if certain conditions are met, said Borman, the deputy assistant secretary of commerce for export administration with Commerce’s Bureau of Industry and Security. One of these […]
