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 Collin Eaton HOUSTON, June 3 (Reuters) – Medium-sour crudes from the U.S. Gulf of Mexico are being snapped up by overseas buyers, paving way for a record six supertankers...

A Saudi supertanker carrying the first export cargo from the United States’ only port capable of handling the world’s biggest oil tankers has arrived off China. According to the website...

NEW YORK, March 28 (Reuters) – A second supertanker laden with U.S. crude set sail in March from the Louisiana Offshore Oil Port (LOOP), the largest privately owned crude terminal...

By Serene Cheong (Bloomberg) — Big oil tankers sailing from the U.S. are set to bring along some benefits for refiners in Asia while allowing them to sidestep traders serving...

By David Wethe and Sheela Tobben (Bloomberg) — The latest example of America’s turnaround from buyer to supplier in the global oil market can be seen 20 miles off the coast of...

By Javier Blas and Dan Murtaugh (Bloomberg) — The flood of crude leaving the U.S. could be about to get a major boost: the nation’s top imports terminal is testing...

By Sheela Tobben (Bloomberg) — A 1,000-foot ship will likely pull up to a buoy floating in the Gulf of Mexico next year, hook up its hoses and usher the...

Oil cavern space at the Louisiana Offshore Oil Port sold for 10 cents a barrel a month at an auction on Tuesday, offering a glimpse into the value of storage as domestic crude supplies swell to a record.

Things are slowing down at the U.S.’s largest oil-import hub.

With U.S. domestic production at a 28-year high, the Louisiana Offshore Oil Port's managers are thinking the previously unthinkable: sending North American oil out.