by Clyde Russell (Reuters) - One of the side effects of President Donald Trump’s escalating trade dispute with China is that U.S. exports of crude oil to the world’s biggest importer are now viewed through the prism of politics. However, this ignores that buyers and sellers of crude are generally more motivated by profit margins and getting the right grades of oil to … [Read more...]
Port of Corpus Christi Bond Sale Raises $216.2 Million for Ship Channel Dredging Project
The Port of Corpus Christi has sold over $216 million in bonds to help finance the deepening and widening of the Corpus Christi Ship Channel. Currently at a depth of 45 feet, the Ship Channel will be dredged to 54 feet to accommodate Suezmax and larger vessels, and widened to 530 feet to allow for two-way traffic flows, positioning the Port of Corpus Christi as the deepest … [Read more...]
Enterprise Planning Texas Offshore Oil Terminal Capable of Fully Loading VLCCs
Houston-based Enterprise Products Partners L.P. (NYSE: EPD) is planning to develop an offshore crude oil export terminal off the Texas Gulf Coast capable of fully loading Very Large Crude Carriers. The company says its goal is to provide the most efficient and cost-effective solution to export American crude oil to the largest international markets in Asia and … [Read more...]
Here Are the Commodities Most Likely Affected by U.S.-China Trade Talks
By Bloomberg News (Bloomberg) -- American crude drillers, coal miners and farmers are set to be among the beneficiaries of the Trump Administration’s trade pressure on China. China has offered to boost purchases of American goods by about $25 billion this year, showing particular willingness to step up imports of crude oil, coal and farm products, … [Read more...]
U.S. Crude Exports Reach All-Time High
By Stephen Cunningham (Bloomberg) -- Booming U.S. shale production is fueling record crude exports, with shipments reaching an all-time high of 1.76 million barrels a day in April. That’s up from 1.67 million in March, according to U.S. Census Bureau data released on Wednesday. Total exports reached 52.7 million barrels for the month. “Given that refiners are already … [Read more...]