America’s Days as Net Oil Exporter Numbered Amid Price Rout
America’s nascent status as a net petroleum exporter is already at risk as plunging oil prices threaten domestic production and give a leg-up to the world’s biggest producers.
Asia Remained Top US Oil Buyer in 2018 Despite China Trade Row
Asia more than doubled its intake of American crude oil last year even as Beijing and Washington were embroiled in a bitter trade war.
US Eagle Ford Growth Seen Stalling in 2019 on Lower Prices
Drillers in the Eagle Ford, a Texas shale oil patch, likely will scale back activity in 2019 as lower crude prices eat into cash flows, according to consulting firm Rystad Energy AS.
Louisiana Offshore Port Ships Most Oil Ever on Supertankers
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.
Oil, Sand Railcars Compete for Track Space in Permian Basin
Oil producers may be getting in their own way in the race to pump crude from the fertile Permian Basin.
America’s Hottest Oil Play Just Needs a Few Thousand Truckers
When the price of oil collapsed in 2014 and disrupted drilling operations all across Texas’ massive Permian Basin shale formation, truckers were among those hardest hit.
Trains, Trucks and Two Tankers Involved in Perhaps Most Logistically Complex US Oil Trade Yet
Mercuria Energy Group has engineered perhaps the most logistically complex trade yet to export U.S. oil since a four-decade ban on sales was lifted.
Record Gasoline Output to Curb Biggest US Oil Glut in 85 Years
Refiners are poised to make gasoline at a record pace this year, keeping the biggest U.S. crude glut in more than 80 years from overflowing storage.