U.S. crude exports

First US-Bound Crude Export In Four Years

Credits: Alexandr Popadin/ Unsplash

Venezuela started loading 250,000 bl of Boscan heavy crude in Bajo Grande, Zulia state, export to the US under eased sanctions that allow Chevron to expand its trade, says an article published on Argusmedia.

First such US-bound export

This would be the first such US-bound crude export in four years since sanctions were tightened in the wake of a 2018 presidential election the US said was rigged in favor of incumbent President Nicolas Maduro.

The Beauty One tanker...

https://mfame.guru/first-us-bound-crude-export-in-four-years/

Watchdog: Lifting crude oil export ban dealt blow to Jones Act tankers

The 2015 repeal of a 40-year ban on the export of crude oil from the U.S. has left a sizable dent in the U.S. tanker industry, according to a U.S. watchdog agency.

A report released Friday by the Government Accountability Office (GAO) detailed how U.S. refineries – particularly those on the East Coast that had no access to cheaper transportation options such as pipelines – were left having to pay more to receive domestic crude oil on more expensive U.S.-flagged tankers and barges before the ban...

https://www.freightwaves.com/news/watchdog-lifting-crude-oil-export-ban-dealt-blow-to-jones-act-tankers

US crude, gas and coal exports are all flashing red

crude tanker

Fracking and horizontal drilling get top billing for the past decade’s meteoric rise in U.S. energy output, but don’t forget the overseas buyer in the role of best supporting actor. U.S. production would never have surged as it did without exports — and those exports are now in trouble.

After years of steep rises, trend lines are simultaneously turning negative thanks to COVID-19. From crude oil to liquefied natural gas (LNG) to coal, outbound volumes of U.S. energy commodities are falling, in...

https://s29755.pcdn.co/news/us-crude-gas-and-coal-exports-are-all-flashing-red