Tag: Gulf Coast

UK imports of US Gulf Coast crude rally

UK imports of US Gulf Coast crude rally

US Gulf Coast crude oil exports to the UK have bounced back from a five-week low, with week-on-week oil cargoes reaching 1 million barrels higher in the week to 26th October. Cargoes from the region in the US included two shipments of 536,000 barrels and one cargo of 501,000 barrels, […]

US reassessing Venezuela’s oil sanctions

US reassessing Venezuela’s oil sanctions

Despite increasing its grip over Venezuela in recent months, the US is said to be reducing its sanctions over the Venezuelan oil industry. Sources in Washington DC have said that the US will not look to further sanction the South American nation’s oil industry as it contributes such a large […]

Exxon increase US investment following tax reform

Exxon increase US investment following tax reform

Exxon have announced its plans to invest $50 billion in expanding its business in the US over the next five years following the recent American tax reform. The announcement came from the Texas based company’s Chief Executive, Darren Woods, who added the company continued to study the tax overhaul, assessing […]