BLOOMBERG, JANUARY 7, 2020 U.S. shale’s gain was OPEC’s loss. As shale oil flooded the market, OPEC was forced to cede market share. (Bloomberg) — Five years ago on New Year’s Eve, the Theo T left the Texas Gulf Coast with the first U.S. shale crude shipment overseas. The oil, gathered from nearby ConocoPhillips wells and sold to trading giant Vitol …
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Texas Oil-Export Terminals Start Up Even as Shipments Tumble
BLOOMBERG, JUNE 13, 2020 (Bloomberg) — Yet another Texas terminal is preparing to export oil, even as the pandemic continues to hammer global demand for U.S. crude. Buckeye Partners LP expects to start loading ships with oil for export in the second half of July, after receiving crude at its South Texas Gateway terminal in the Port of Corpus Christi …
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