U.S. Customs and Border Protection expanded U.S.-flag requirements in a recent ruling requiring shippers to use costly U.S.-flag vessels.
Crude Exports
U.S. Customs Ruling Impacts Crude Oil Shipments
By Greg Chase, Lars Forsberg, Jeffrey Orenstein, Jane Sarma | Reed SmithSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.Energy Quote of the Day: ‘The Gulf Coast is Going to be the Place for Having Any Storage’
By Jared Anderson
The US Gulf Coast is becoming the country’s preeminent petroleum storage hub as shale oil and natural gas liquids flow south to the massive refining and export center. In a move designed to capitalize on that trend, Enterprise Product Partners yesterday announced the $4.4 billion acquisition of storage company Oiltanking. And according to The American… Keep reading →
US refiners have had a tough 25 years, Pioneer Natural Resources Chairman and CEO Scott Sheffield said during a lunch keynote presentation at the Independent Petroleum Association of America Oil & Gas Investment Symposium in New York today. East Coast refiners face a competitive disadvantage to those located on the Gulf Coast because Eastern plants… Keep reading →
Avoiding the Crude Oil Production ‘Wall’
By Energy Tomorrow Blog
The U.S. energy revolution continues to reshape America’s energy outlook for the better. Thanks largely to shale energy reserves and advanced hydraulic fracturing and horizontal drilling, the U.S. Energy Information Administration’s 2014 Annual Energy Outlook estimates domestic oil production will approach 9.6 million barrels per day by 2016 – a level of output not seen since 1970.… Keep reading →
Even if environmental opposition to the Keystone XL Pipeline manages to prevent its construction, it will fail to achieve environmental groups’ objective of preventing development of the oil sands production at the origination point, according to Charles Dewhurst, US Natural Resources practice leader for accounting and consulting firm BDO. “Environmental groups are very concerned that… Keep reading →
