Tag: US Oil Exports

Indian refiner buys 1 million barrels of WTI Midland oil: Reuters

Indian refiner buys 1 million barrels of WTI Midland oil: Reuters

First purchase of WTI Midland by any Indian company Reuters reports India’s state owned Bharat Petroleum Corp (BPCL) purchased 1 million barrels of WTI Midland grade.  The sale marks the first time an Indian company has bought the US grade, according to an industry source knowledgeable of the deal. Refiners in India joins a number […]

By August 2, 2017 0 Comments Read More →
BP ANS crude loaded on foreign-flagged vessel for export

BP ANS crude loaded on foreign-flagged vessel for export

BP ANS crude vessel may be heading for Asia By Liz Hampton HOUSTON, Aug 11 (Reuters) – British oil company BP Plc has loaded a cargo of Alaskan North Slope (ANS) crude for export, according to two trade sources and Reuters Trade Flows data, the latest indication that exports of Alaskan crude are becoming less […]

By August 11, 2016 0 Comments Read More →
BP charters foreign flagged vessel for ANS crude transport

BP charters foreign flagged vessel for ANS crude transport

ANS crude producers eyeing new markets HOUSTON, July 18 (Reuters) – British oil company BP Plc has chartered a foreign-flagged vessel to transport Alaskan crude, the company said on Monday, the latest sign that producers of Alaskan North Slope, or ANS, crude are eyeing new markets. ANS is mostly transported to the U.S. West Coast […]

First Alaskan North Slope crude export planned for Nicaragua

First Alaskan North Slope crude export planned for Nicaragua

Alaskan North Slope shipment underscores shift in oil flows HOUSTON, July 1 (Reuters) – Alaskan North Slope (ANS) crude will be shipped to Nicaragua for the first time in July, two trade sources said on Friday, underscoring a shift in oil flows to and from the U.S. West Coast. A parcel of the medium grade crude […]

Why the U.S. should not want energy independence

Why the U.S. should not want energy independence

If Europe stopped importing natural gas from Russia, then Russia wouldn’t be able to use threat of turning off taps as geopolitical weapon In the midst of the 1973 Arab oil embargo, President Richard Nixon launched “Project Independence” to make the U.S. energy self-sufficient by 1980. Every president since has also promised to make the […]

By November 16, 2015 0 Comments Read More →
Senate banking panel backs bill to lift crude oil export ban

Senate banking panel backs bill to lift crude oil export ban

White House opposes end to crude oil export ban WASHINGTON – The Senate Banking Committee endorsed a bill Thursday to lift the four-decade-old  crude oil export ban, the latest sign of congressional support for legislation that President Barack Obama opposes. The banking panel endorsed the bill, 13-9, on a largely party-line vote. Sen. Heidi Heitkamp of North Dakota […]

McCaul, Craddick: Lift the oil export ban

McCaul, Craddick: Lift the oil export ban

Just a few years ago, many Americans felt hopeless that the U.S. would ever reduce its dependence on foreign energy. Relying on suppliers from unstable nations that don’t share our interests, consumers felt the effect of pricing volatility, violence and political instability hitting them at the gas pump with prices reaching $4.00 per gallon. For […]

By September 28, 2015 0 Comments Read More →
US oil export ban: House panel votes to lift ban despite White House opposition

US oil export ban: House panel votes to lift ban despite White House opposition

US oil export ban called “a relic from the 70’s” WASHINGTON – A key House committee endorsed a bill Thursday to lift the four-decade-old ban on crude oil exports, setting up a likely vote by the full House on a bill President Barack Obama opposes. The House Energy and Commerce Committee approved the legislation, 31-19, with three Democrats […]

By September 17, 2015 0 Comments Read More →
Ending oil export ban would leave gas prices unchanged or slightly reduced: Report

Ending oil export ban would leave gas prices unchanged or slightly reduced: Report

US oil export ban enacted nearly 40 years ago WASHINGTON – Ending the four-decades old restrictions on crude oil exports wouldn’t hurt consumers at the gasoline pump, and may even help them, a new government report said Tuesday. The finding is providing ammunition to lawmakers seeking to pass legislation this year to end the restrictions. A […]

By September 1, 2015 0 Comments Read More →
Sanctions by any other name…

Sanctions by any other name…

Sanctions against US oil export called ‘policy’ Years of sanctions imposed on the sale and export of crude oil have wreaked havoc on Iran’s economy and helped force them to the international bargaining table to discuss their nuclear program. What has gone unreported in all the recent coverage is the link to our economy here at […]