The Louisiana Offshore Oil Port is pushing out more crude than ever as surging US oil production and access to infrastructure have boosted the number of large export-bound oil tankers in the first half of the year by more than 100%, according to LOOP President Terry Coleman. Once the largest entry point for imported crude, about 40% of cargoes loaded at the port now carry US crude oil to overseas markets, Coleman added.
Crude oil exports are booming at Louisiana Offshore Oil Port
Sign up for API SmartBrief
Oil and natural gas industry news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.