Tag Archives: Texas oil exports

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 …