The latest in Martime Transport and the Petrochemical Industries
U.S. crude oil exports averaged 1.1 million barrels per day (b/d) in 2017 and 1.6 million b/d so far in 2018, up from less than 0.5 million b/d in 2016. This growth in U.S. crude oil exports happened despite the fact that U.S. Gulf Coast onshore ports cannot fully load Very Large Crude Carriers (VLCC), […]
In West Texas, rising oil prices are fueling a sharp economic upswing, lifting employment and pay to records, driving up spending at hotels, restaurants, and car dealerships, and raising the cost of housing and other essentials. This parched patch of land, under which lies the largest oil-producing rock formations in the United States, is the […]
Here are four big factors influencing the domestic oil and gas industry as the week begins: The rig count continues to escalate steadily. The DrillingInfo daily rig count sits at 1105 as of May 13, up 25 from two weeks before. This is not surprising at all – crude oil prices remain strong, making an increasing population […]
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