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Crude oil exports are booming at Louisiana Offshore Oil Port

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.

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