Shale Energy, Imports and Global Markets
Mary Schaper
Posted February 10, 2015
Light-Sweet Crude Oil Imports to Gulf Coast Virtually Eliminated
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.
Read more: http://1.usa.gov/1Cdk6GQ
More industry news:
- Oil Output from Major U.S. Shale Fields to Rise 60,000 BPD in March: http://reut.rs/1ATa1no
- Lifting the Ban on Oil and Natural Gas Exports Would Strengthen U.S.: http://bit.ly/1CdkMMo
- Drillers Take Second Crack at Fracking Old Wells to Cut Costs: http://bloom.bg/1ATbWIo
- Drexel University Study: PennEast Pipeline Will Lead to More Jobs and Lower Prices: http://bit.ly/1ATaypf
- Study: Dropping Fossil Fuel Stocks Would Hurt Universities: http://washex.am/1DBGApA
About The Author
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.