Friday, February 16, 2018

Oil Jumps Most This Year as Buildup Slows in U.S. Storage Tanks - Bloomberg

Oil Jumps Most This Year as Buildup Slows in U.S. Storage Tanks - 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 one of the industry’s biggest tankers to load an export cargo for the first time.
If the trial run signals the start of regular exports from Louisiana Offshore Oil Port, it will be a step change in America’s capacity to export the burgeoning production that’s roiled global oil markets. 
The ability to load very large crude carriers, the industry term for giant ships able to carry two million barrels, will significantly cut the cost of shipping cargoes overseas..."

...Infrastructure such as pipelines and ports has become the biggest bottleneck in U.S. oil exports, with traders at times engineering logistically complex chains combining railways, trucks, pipelines, barges, and a ship-to-ship transfers to get the crude out of the country..."
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