Occidental Petroleum on Thursday is loading Permian Basin crude onto a VLCC at the Moda Ingleside Energy Center near Corpus Christi, Texas, with three more VLCCs booked to follow through Continue Reading
Accommodating both sides poses a challenge for Port Houston, which has grown thanks to its hometown energy industry but has recently invested hundreds of millions in new infrastructure to attract Continue Reading
The Louisiana Offshore Oil Port is pushing out the most crude it’s shipped in any one month since the terminal began supertanker exports in February. As the race to build Continue Reading
The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same day OPEC Continue Reading
The United States became a net oil exporter last week for the first time in 75 years , and even if it is likely to be for just one week, Continue Reading
The Plaquemines Liquids Terminal would open up to 20 million barrels of storage for both crude oil and refined products and export facilities capable of loading Suezmax and VLCC vessels. Continue Reading
When U.S. crude oil exports earlier this year hit a record high of 3 million bpd, there was much joy and back-slapping, but amid this joy a few problems have Continue Reading
A high-stakes competition is emerging among energy exporters proposing multi-million-dollar crude terminals along the U.S. Gulf Coast to handle a gusher of shale oil coming from West Texas oilfields. On Continue Reading
The Port of Corpus Christi and global alternative asset manager Carlyle Group agreed to develop the first onshore VLCC loading terminal at Harbor Island by the end of 2020, the Continue Reading
U.S. Gulf Coast crude oil exports have been slowing in recent weeks, due to arbitrage constraints because of surging freight rates, S&P Global Platts reports , citing market participants’ expectations Continue Reading
