Sheela Tobben
US Imports No Saudi Crude Oil for First Time in 35 Years
An oil pumping jack operates in Texas. (Matthew Busch/Bloomberg News)
The U.S. didn’t import any Saudi crude the week of Dec. 28 for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic.
January 6, 2021Texas Oil-Export Terminals Start Up Even as Shipments Tumble
(Marcelo del Pozo/Bloomberg News)
Yet another Texas terminal is preparing to export oil, even as the pandemic continues to hammer global demand for U.S. crude.
June 12, 2020America’s Days as Net Oil Exporter Numbered Amid Price Rout
An oil tanker loads at a dock near refineries at the Port of Corpus Christi in Texas. (Eddie Seal/Bloomberg News)
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.
March 9, 2020Asia Remained Top US Oil Buyer in 2018 Despite China Trade Row
Simon Dawson/Bloomberg News
Asia more than doubled its intake of American crude oil last year even as Beijing and Washington were embroiled in a bitter trade war.
March 7, 2019US Eagle Ford Growth Seen Stalling in 2019 on Lower Prices
Eddie Seal/Bloomberg News
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.
January 8, 2019Louisiana Offshore Port Ships Most Oil Ever on Supertankers
An oil rig off the coast of Louisiana. (Luke Sharrett/Bloomberg News)
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.
December 10, 2018Oil, Sand Railcars Compete for Track Space in Permian Basin
Kurt Haubrich/Flickr
Oil producers may be getting in their own way in the race to pump crude from the fertile Permian Basin.
May 4, 2018America’s Hottest Oil Play Just Needs a Few Thousand Truckers
Brittany Sowacke/Bloomberg News
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.
December 26, 2017Trains, Trucks and Two Tankers Involved in Perhaps Most Logistically Complex US Oil Trade Yet
Daniel Acker/Bloomberg News
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.
August 25, 2016Record Gasoline Output to Curb Biggest US Oil Glut in 85 Years
Ty Wright/Bloomberg News
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.
April 6, 2015