U.S. Gulf Coast (USGC) crude oil exports rose last week to just over 4.25 MMb/d according to our Crude Voyager Report. Notable gains occurred out of the Corpus Christi region, specifically out of the South Texas Gateway (STG) terminal. STG recorded its second highest weekly volume on record of just over 1 MMb/d (far right green bar on chart below). This volume falls only slightly below the record-high volume for the terminal set just four weeks ago.
Featured Articles
- Analyst Insight
Highest VLCC Crude Export Volumes in Eight Months
VLCC Crude Exports out of USGC Reach Highest Volumes Since July 2024
- Blog
Rolling in the Deep - Corpus Christi Dredging Projects Create New Opportunities for Crude Oil Exporters
The 35-year dream of widening the Corpus Christi Ship Channel and deepening it to 54 feet from the old 47 feet is at long last a reality. The $625 million project also has spurred marine-terminal owners in Corpus Christi and Ingleside to undertake — or at least consider — major dock and dredging projects that would enable them to make full use of the deeper 30-mile channel. In today’s RBN blog, we discuss the newly completed channel-dredging project, related terminal improvements, and what they all mean for crude oil exporting economics in Corpus Christi.
- Analyst Insight
South Texas Gateway Achieves Record Crude Exports
South Texas Gateway hit a weekly high of volumes loaded for export, even surpassing EIEC.
