Texas Oil Export Hub Sees China Demand Uptick
America's main oil-export hub sees demand picking up from China this year. (Bloomberg) -- America’s main oil-export hub sees demand picking up from China this year even as a resurgence in the coronavirus clouds the outlook for consumption in the world’s biggest importer. Texas’s Port of Corpus Christi, home to eight oil export facilities, is laying the groundwork by deepening part of its waterway as two of its customers add storage. With crude stored aboard tankers in Asia being drawn down, the port is pinning its hopes on U.S. exports being able to make up the shortfall.
Source: rigzone.com