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Gulf Coast Ports Vie for Surging Exports of Crude

Posted by PortVision on Aug 9, 2017 6:07:00 AM

In December of 2015 the United Stated lifted its ban on exporting domestic oil, and terminals up and down the Gulf Coast began vying for that business. Prior to the ban being lifted, only 10 countries were importing U.S. crude. Since then, that number has grown to 33. And it’s a trend likely to continue.

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Sanctions on Venezuelan Crude Could Have Far-Reaching Consequences

Posted by PortVision on Aug 2, 2017 6:07:00 AM

To impose sanctions or not to impose sanctions? That is the question the Trump Administration is grappling with in relation to Venezuela’s exports of crude oil to the U.S. The answer could have an impact on everything from the oil business in the United States to the current political and humanitarian crisis in Venezuela—attributed in large part to the repressive policies of President Nicolas Maduro.

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Port Bans by Its Neighbors Isolate Qatar, Impact Shipping and Trade

Posted by PortVision on Jul 11, 2017 6:07:00 AM

The story might sound, at first, a bit like David vs. Goliath: The little country of Qatar, one of the smallest oil producers in the Middle East, is currently locked in a diplomatic conflict with two of OPEC’s largest oil producers—Saudi Arabia and the United Arab Emirates (U.A.E.)—and their cohorts in the area, Bahrain and Egypt. But instead of wielding a slingshot, this “David,” according to its adversaries, is more likely to carry a bomb-filled backpack.

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Lower Costs, Less Congestion Lure Companies away from Houston Ship Channel

Posted by PortVision on Jun 27, 2017 6:07:00 AM

The multi-billion dollar investments currently being made in and near smaller ports along the Gulf Coast by some of the largest energy companies in the country are part of the long history of ports in the area.

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Will OPEC’s extension of production cuts lead to higher oil prices?

Posted by PortVision on Jun 13, 2017 6:07:00 AM

In Vienna on May 25, members of the Organization of the Petroleum Exporting Countries (OPEC) and its allies — including Russia — agreed to extend their cutbacks in oil production in hopes of addressing the glut of oil that’s been keeping down the price-per-barrel.

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Iraq Responds to Cutbacks in Crude with a Surge in Fuel-Oil Exports

Posted by PortVision on May 31, 2017 6:07:00 AM

According to industry sources, Iraq has increased its oil exports this year, in spite of the fact that, like fellow OPEC members and other oil-producing countries, it agreed late last year to cut crude production for the first six months of 2017 in an effort to stop the slide of prices.

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Oversupply of Crude Foils Oil-Price Recovery, Impacts Ports

Posted by PortVision on May 24, 2017 6:07:00 AM

It’s been said that you can never have too much of a good thing. But members of the Organization of the Petroleum Exporting Countries (OPEC), faced with the oversupply of crude, might take issue with that statement.

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2017 Marks Mexican Deregulation of Oil and Gas Industry

Posted by PortVision on Mar 28, 2017 6:07:00 AM

The government of Mexico began the new year with a move to begin deregulating the energy sector. The change in policy will eliminate fuel subsidies and price controls to allow prevailing international gasoline prices to manage the market. This will kick up Mexican fuel costs as much as 20%. It is the first such government move since 1992 when the government controlled inflation by setting a ceiling on the maximum allowable price of fuel.

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U.S. Gasoline Prices in 2016 Were Lowest Since 2004

Posted by PortVision on Mar 7, 2017 6:07:00 AM

In 2016, drivers in every section of the country enjoyed some of the lowest prices at the pump since 2004, according to the U.S. Energy Information Administration (EIA). In fact, per-gallon prices haven't topped $3.00 in 9 of the 10 cities in which the EIA collects weekly data on gasoline prices.

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How are Oil and Gas Companies Utilizing Unmanned Aircraft?

Posted by PortVision on Mar 2, 2017 6:07:00 AM

This interview was originally published on June 27th, 2016 by Jeremiah Kapowicz. You can view the article in its entirety at http://www.expouav.com/news/latest/oil-gas-companies-utilizing-unmanned-aircraft/.

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