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News & Press: Industry News

Houston Fills With Crude Oil That Can’t Be Shipped Out

Friday, April 11, 2014  
Posted by: Ben Gonzalez
Storage tanks are filling as new pipelines carry light, sweet oil found in shale formations to the coast and U.S. law keeps companies from moving it out. Most crude exports are banned and the 13 ships that can legally move oil between U.S. ports are booked solid. 

http://www.bloomberg.com/news/2014-04-09/houston-fills-with-crude-oil-that-can-t-be-shipped-out.html

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