Tuesday, August 21, 2018

Houston-Galveston Hub now an net-exporter of crude

The U.S. port district of Houston-Galveston recently became a net exporter of crude oil, the first time on record.
-    In April, exports exceeded imports by 15,000 bpd, a figure that jumped to 470,000 bpd in May.
-    The Houston-Galveston port area has made up more than half of the share of U.S. oil exports, a figure that jumped to 70 percent in in May as exports surged.




No comments:

Post a Comment

Weekend Reads

Quantum Economics Today’s economists may think that’s [inductive reasoning] what they are doing, but they often aren’t. They begin with m...