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U.S. oil and gas exports at a record pace


U.S. crude and refining production, refining rates rise to historic highs. Sweet, light and cheap U.S. oil attractive to global buyers

By Laura Blewitt

HOUSTON
Petroleumworld 13 12 17

The world's largest oil consumer exported more hydrocarbons than ever before in 2017 and shows no signs of slowing down.

You name it -- crude oil, gasoline, diesel, propane and even liquefied natural gas -- all were shipped abroad at a record pace. While the surge comes many years after the shale boom started, it can be traced straight back to the growth of horizontal drilling and fracking. U.S. exports are poised to expand even further, as the fear of peak oil supply has all but vanished just as a new demand threat emerges in the form of electric vehicles.

Canadian oil take a hit amid transport bottleneck



Heavy Canadian crude discount reaches widest since 2014. Enbridge rations space on pipelines as rail cars back up

By Robert Tuttle

CALGARY
Petroleumworld 13 12 17

Heavy Canadian crude fell to the lowest in almost four years against benchmark prices Tuesday as bottlenecks on pipelines and rail networks crimped exports.

 

 

 


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