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.




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