Sheela Tobben

Government, Business, Fuel, Logistics

US Imports No Saudi Crude Oil for First Time in 35 Years

An oil pumping jack operates in Texas. (Matthew Busch/Bloomberg News) 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.

Sheela Tobben | Bloomberg News
January 6, 2021
Business, Fuel

Texas Oil-Export Terminals Start Up Even as Shipments Tumble

An Iranian crude oil tanker sits anchored off the coast of Gibraltar in July 2019. (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.

Sheela Tobben | Bloomberg News
June 12, 2020
Government, Business, Fuel

America’s Days as Net Oil Exporter Numbered Amid Price Rout

Oil tanker 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.

Sheela Tobben | Bloomberg News
March 9, 2020
Government, Business, Fuel

Asia Remained Top US Oil Buyer in 2018 Despite China Trade Row

oil 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.

Sheela Tobben | Bloomberg News
March 7, 2019
Business, Fuel

US Eagle Ford Growth Seen Stalling in 2019 on Lower Prices

Oil Rig 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.

Sheela Tobben | Bloomberg News
January 8, 2019
Government, Business, Fuel

Louisiana Offshore Port Ships Most Oil Ever on Supertankers

Oil Rig 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.

Sheela Tobben | Bloomberg News
December 10, 2018
Business, Fuel, Logistics

Oil, 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.

Sheela Tobben | Bloomberg News
May 4, 2018

America’s Hottest Oil Play Just Needs a Few Thousand Truckers

Oil Worker in Texas 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.

Sheela Tobben | Bloomberg News
December 26, 2017
Business, Fuel

Trains, 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.

Andy Hoffman | Bloomberg News
Javier Blas | Bloomberg News
Sheela Tobben | Bloomberg News
Laura Hurst | Bloomberg News
August 25, 2016
Business, Fuel

Record 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.

Dan Murtaugh | Bloomberg News
Sheela Tobben | Bloomberg News
April 6, 2015