Monday, September 13, 2021
Tuesday, March 2, 2021
Louisiana Offshore Oil Port Loadings Crash to Zero From Record
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...
Tuesday, February 16, 2021
Wednesday, February 3, 2021
Asia Pushes U.S. Supertanker Port’s Oil Export Shipments to Record High
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...
Thursday, January 7, 2021
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...
Monday, August 17, 2020
Thursday, May 14, 2020
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...
Wednesday, October 16, 2019
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...
Friday, August 23, 2019
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....
Wednesday, June 19, 2019
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...
Wednesday, May 1, 2019
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...
Wednesday, April 24, 2019
Thursday, March 28, 2019
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...
Tuesday, March 26, 2019
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...
Wednesday, March 20, 2019
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...
Monday, March 11, 2019
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...
Monday, February 11, 2019
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...
Thursday, January 24, 2019
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...
Thursday, January 10, 2019
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...
Thursday, December 6, 2018
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...
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