By Chunzi Xu (Bloomberg) –The US is exporting diesel at the fastest ever rate as the global market’s thirst for fuel remains insatiable. As much as 1.39 million barrels a day…
https://gcaptain.com/the-world-cant-get-enough-of-us-diesel-as-exports-surge/
By Liz Hampton Sept 13 (Reuters) – Royal Dutch Shell on Monday began evacuating staff from a U.S. Gulf of Mexico oil platform, and other energy companies began preparing for…
By Sheela Tobben (Bloomberg) — Crude exports from Louisiana’s offshore supertanker port tumbled to zero as Asian buyers limited purchases to manage high inventories that threaten to overwhelm storage facilities. The…
By Swati Verma Feb 16 (Reuters) – A deep freeze continued to wreak havoc on the U.S. energy sector, bringing operations to a halt at the Houston Ship channel, while…
By Sheela Tobben (Bloomberg) American oil exports from Louisiana’s offshore supertanker port jumped to a record in January as Asian buyers are stocking up U.S. crude for a post-pandemic rebound…
By Sheela Tobben and Dave Merrill (Bloomberg) — Five years ago on New Year’s Eve, the Theo T left the Texas Gulf Coast with the first U.S. shale crude shipment overseas. The…
by Bozorgmehr Sharafedin (Reuters) – Oil prices steadied on Monday as news that China planned to ship large volumes of U.S. crude in August and September countered rising tensions between the two countries and a delay in the review of their trade pact over the weekend. The emergence of new...
By Sheela Tobben (Bloomberg) –A cluster of ships with American oil has been heading to a small terminal in southern Ireland as buyers search for places to store crude in the wake of a global demand slowdown. Since April, four vessels carrying a total 2.4 million barrels of American oil have set...
By Sheela Tobben (Bloomberg) –Soaring oil-tanker costs are drying up activity in the U.S. export market as sellers are slow to lower offers and buyers are skittish, according to market participants. Some sellers have held back from offering cargoes, while others have yet to reduce their offers...
HOUSTON, Aug 23 (Reuters) – China’s threat on Friday to slap a 5% tariff on U.S. oil imports could further soften demand for physical crude at hubs along the U.S. Gulf Coast, where exporters already have taken to shipping crude overseas without firm buyers, traders said. PADD 3 inventories last...