February 23rd, 2018

US Crude Exports

VLCC’s hyper LOOP

The Louisiana Offshore Oil Port (LOOP) fully loaded a VLCC with US crude last week – for the first time in 35 years. Asian buyers of US crude in Asia should welcome the prospect of reduced cost and time for importing US crude, even though they would need to be patient before VLCC lifts from LOOP can ramp up. On balance VLCC and Aframax owners probably preferred the old way of doing it.

Please login to view this content

Contact Braemar ACM Research at [email protected]