- Reuters•2 years ago
BP Plc exported nearly 670,000 barrels of minimally processed super-light crude oil from the Houston Ship Channel more than a week ago, according to ClipperData, an industry firm that tracks crude movements. The 667,638-barrel cargo left Enterprise Products Partners' ship channel docks - part of the company's recent $4.41 billion acquisition of Oiltanking Partners LP - on Feb. 15 bound for Rotterdam in The Netherlands, ClipperData partner Abudi Zein said in an interview. BP declined comment on the shipment or whether the company is among several companies that received U.S. government approval to export condensate that has undergone enough processing to qualify as a refined product. The loosening of the decades-old crude export ban opens export avenues for producers as domestic refiners and petrochemical companies have limited demand for such light oil.
- Market Realist•3 years ago
In this part of the series, we’ll discuss Oiltanking Partners’ (OILT) and Enterprise Products Partners’ (EPD) current financial situation and why it makes strong sense to invest in OILT.
- 24/7 Wall St.•3 years ago
Once the November elections are behind us, it is almost certain that U.S. oil companies will turn up the heat on Congress to permit the export of U.S. crude.
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