BruceMark Petroleum
  • The above information is for general purposes only and is not a solicitation to buy or an offer to sell any securities. General information on this site is not intended to be used as individual investment or tax advice. Consult your personal tax adviser concerning the current tax laws and their applicability and effect on your personal tax situation.
  • 3030 Salt Creek Ln. Suite 310 Arlington Heights, IL 60005 Email: Phone: (630)339-5490
BruceMark Petroleum Inc | Shale Energy, Imports and Global Markets
single,single-post,postid-13187,single-format-standard,ajax_fade,page_not_loaded,,wpb-js-composer js-comp-ver-3.7.4,vc_responsive

Shale Energy, Imports and Global Markets

Shale Energy, Imports and Global Markets

18:01 17 February in Industry Headlines

EIA Today in Energy: The increase in U.S. shale and tight crude oil production has resulted in a decrease of crude oil imports to the U.S. Gulf Coast area, particularly for light-sweet and light-sour crude oils. These trends are visualized in EIA’s crude import tracking tool, which allows for time-series analysis of crude oil imported to the United States.

Historically, Gulf Coast refineries have imported as much as 1.3 million barrels per day (bbl/d) of light-sweet crude oil, more than any other region of the country. Beginning in 2010, improvements to the crude distribution system and sustained increases in production in the region (in the Permian and Eagle Ford basins) have significantly reduced light crude imports. Since September 2012, imports of light-sweet crude oil to the Gulf Coast have regularly been less than 200,000 bbl/d. Similarly, Gulf Coast imports of light crude with higher sulfur content (described as light-sour) have declined and have been less than 200,000 bbl/d since July 2013.

Source: Shale Energy, Imports and Global Markets