Thursday, January 7, 2021
us oil exports
Shipping

How Exporting the U.S. Shale Boom Changed Oil Markets Forever

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...

January 7, 2021
Total Views: 4719

Monday, August 17, 2020
us oil exports
Maritime News

China’s Plans To Boost American Oil Imports

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...

August 17, 2020
Total Views: 36

Thursday, May 14, 2020
Maritime News

Small Irish Terminal Draws U.S. Oil With Global Storage Filling

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...

May 14, 2020
Total Views: 26

Wednesday, October 16, 2019
tanker at sea
Maritime News

Oil Trading in U.S. Gulf Dries Up as Tanker Rates Skyrocket

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...

October 16, 2019
Total Views: 19

Friday, August 23, 2019
Maritime News

China Tariffs on U.S. Oil to Pressure Exports, Gulf Coast Prices

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....

August 23, 2019
Total Views: 13

Wednesday, June 19, 2019
vlcc tanker
Maritime News

Refiner Phillips 66 Enters U.S. Offshore Oil Export Race

By Collin Eaton HOUSTON, June 19 (Reuters) – U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, challenging at least eight other...

June 19, 2019
Total Views: 12

Wednesday, May 1, 2019
fpmc c melody supertanker
Maritime News

Enterprise Products Says Crude Volumes at Marine Terminals Hit Record

By Devika Krishna Kumar NEW YORK, May 1 (Reuters) – Enterprise Products Partners LP said on Wednesday volumes at its crude marine terminals jumped to a record of nearly 900,000...

May 1, 2019
Total Views: 2

Wednesday, April 24, 2019
vlcc tanker
Maritime News

U.S. Oil Flowing Freely to China Again

By Serene Cheong (Bloomberg) — It seems Asia’s biggest oil buyer can’t stay away from crude pumped in the world’s fastest-growing supplier for long. A supertanker laden with U.S. oil...

April 24, 2019
Total Views: 3

Thursday, March 28, 2019
vlcc tanker
Maritime News

Proposed $1 Billion Corpus Christi Oil Export Terminal Moves Forward

HOUSTON, March 28 (Reuters) – A proposed $1 billion deepwater oil-export project moved ahead on Thursday with U.S. private equity firm Carlyle Group agreeing to a 50-year lease on land...

March 28, 2019
Total Views: 6

Tuesday, March 26, 2019
tanker loading
Maritime News

From Texas to the World: Flood of U.S. Oil Exports Is Coming

By Javier Blas (Bloomberg) –Oil trader Paul Vega is at the vanguard of shale’s next revolution. Driving his pick-up truck through the heartland of the Permian basin — the vast...

March 26, 2019
Total Views: 8

Wednesday, March 20, 2019
Maritime News

As U.S. Oil Grows, So Does Its Influence on Global Prices

By Alex Longley and Sheela Tobben (Bloomberg) — For a glimpse into what the global oil price might look like one day, a good place to look is the Dutch port of...

March 20, 2019
Total Views: 5

Monday, March 11, 2019
port of corpus christi
Maritime News

Occidental Emerges as Heavy Hitter in U.S. Oil Export Boom

By Devika Krishna Kumar and Florence Tan NEW YORK/HOUSTON, March 11 (Reuters) – Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading...

March 11, 2019
Total Views: 3

Monday, February 11, 2019
tanker
Maritime News

Sentinel Plans U.S. Oil Export Terminal Off Freeport, Texas

HOUSTON, Feb 11 (Reuters) – Sentinel Midstream on Monday became the latest contender in the race to build a crude export terminal off the U.S. Gulf Coast, announcing plans to...

February 11, 2019
Total Views: 4

Thursday, January 24, 2019
tanker loading
Maritime News

Magellan Eyeing Freeport, Texas for Crude Export Terminal

HOUSTON, Jan 24 (Reuters) – Magellan Midstream Partners LP has begun talks with companies developing crude transportation assets in Freeport, Texas, as it considers building a U.S. crude export terminal...

January 24, 2019
Total Views: 3

Thursday, January 10, 2019
oil tanker loading
Maritime News

U.S. Oil Export Boom Sparks a Battle to Build Texas Port

By Collin Eaton CORPUS CHRISTI, TEXAS, Jan 10 (Reuters) – Booming U.S. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels...

January 10, 2019
Total Views: 5

Thursday, December 6, 2018
tanker at sea
Maritime News

VLCC Exports Picking Up at Louisiana Offshore Oil Port

By Sheela Tobben (Bloomberg) — 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...

December 6, 2018
Total Views: 1

tanker aerial
Interesting

U.S. Becomes Net Oil Exporter for First Time in 75 Years, If Only Briefly

By Javier Blas (Bloomberg) — America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if...

December 6, 2018
Total Views: 6

Tuesday, October 30, 2018
tanker loading
Maritime News

Rising U.S. Crude Output Sparks Race to Build Export Terminals

By Jarrett Renshaw and Collin Eaton NEW YORK/HOUSTON, Oct 30 (Reuters) – A high-stakes competition is emerging among energy exporters proposing multi-million-dollar crude terminals along the U.S. Gulf Coast to...

October 30, 2018
Total Views: 4

Monday, October 29, 2018
Maritime News

Carlyle Group to Develop VLCC Oil Export Terminal at Port of Corpus Christi

Private equity firm The Carlyle Group announced Monday it has signed an exclusive agreement with the Port of Corpus Christi to develop a major crude oil export terminal that is...

October 29, 2018
Total Views: 4

Friday, October 12, 2018
oil tanker loading
Maritime News

U.S. Oil Exports to Asia May Fall Further After Surge in Tanker Rates

By Florence Tan and Jessica Jaganathan SINGAPORE, Oct 11 (Reuters) – Rising shipping rates have increased the costs of shipping oil from the United States to Asia and may further...

October 12, 2018
Total Views: 1