Government, Business, Fuel

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.

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

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.

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

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.

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

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.

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

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.

Sheela Tobben | Bloomberg News
May 4, 2018
Business

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.

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

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.

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

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
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Sheela Tobben | Bloomberg News
April 6, 2015