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Tag Archives: Texas oil exports

How U.S. shale exports rocked OPEC’s world

Oil refinery. US Flag

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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