U.S. Crude Oil Shipments Grow, Export Terminals Spring Up

SUGAR LAND--October 4, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--According to the U.S. Energy Information Administration (EIA), U.S. crude oil exports averaged 2.9 million barrels per day (BBL/d) in the first half of 2019, up 966,000 BBL/d from first-half 2018. While Canada remains the largest destination for U.S. crude oil exports, that's not where the growth is being seen, but to overseas destinations such as Asia, Oceania and Europe. To this end, crude oil export terminals are springing up along the U.S. Gulf Coast. Industrial Info is tracking more than $7 billion in active projects to construct these terminals.

Within this article: Details of planned U.S. crude oil export terminals

Companies featured: Enterprise Product Partners LP (NYSE:EPD), Chevron Corporation (NYSE:CVX), Tallgrass Energy Partners LP (NYSE:TGE), Phillip 66 (NYSE:PSX)