Saturday, February 22, 2025

Ports Jockey for Booming U.S. Crude Oil Export Trade

Texas ports are taking measures to deepen, widen ship channels, expand port capacity; Florida port receives cargo from new Aframax crude tanker By Bevo Beaven, Editor, Oil & Gas 360 The Texas Gulf Coast is host to two ports working to expand capacity to accommodate the booming U.S. crude oil export trade—Port of Houston and Port of Corpus Christi. The

Weekly Oil Storage: Large Builds Continue

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks rose by 7,029 MBBL last week to 456,550 MBBL from 449,521 MBBL. This is 7% above the 428,638 MBBL that was in storage at this point last year, and is 1% above the five-year