Existing U.S. shipping terminals are already ill-equipped to handle the growing load, because only one can fully accommodate the giant tankers used to ship oil to Asia and Europe. That Continue Reading
An oil spill that has been quietly leaking millions of barrels into the Gulf of Mexico has gone unplugged for so long that it now verges on becoming one of Continue Reading
Earlier this year, when U.S. crude oil exports hit a record 2.2 million bpd, the figure was hailed as the beginning of a new era that could eventually see the Continue Reading
U.S. crude oil exports could increase to 3.9 million bpd by 2020, mostly driven by rising production in the Permian, the Houston Chronicle reported on Tuesday, citing a new report Continue Reading
Asian benchmark VLCC freight rate hit the year’s high Thursday on the back of impending Iran sanctions, surging bunker prices and a widening WTI-Brent spread, as charterers rushed to fix Continue Reading
Cheaper U.S. crude prices make American-produced oil an easier sell in places like Asia, even with the cost of shipping, typically a few dollars a barrel. The price gap also Continue Reading
A Texas port handling booming exports of US crude oil has invoked a 12-year-old criminal case against the commodities trading house Trafigura as it seeks to slow its efforts to Continue Reading
A wave of contaminated fuel that has clogged and damaged engines on hundreds of oil tankers and container vessels in the past months has pushed shippers to demand stricter quality Continue Reading
The Texas Gulf Coast oil terminals sent abroad more crude than they received in April, the Energy Information Administration said this week. During that month, crude oil exports from the Continue Reading
Tallgrass Energy on Wednesday joined a growing list of midstream companies that plan to directly load US crude onto supertankers by building an offshore pipeline. Receive daily email alerts, subscriber Continue Reading
