(Bloomberg) — Yet another Texas terminal is preparing to export oil, even as the pandemic continues to hammer global demand for U.S. crude.Buckeye Partners LP expects to start loading ships with oil for export in the second half of July, after receiving crude at its South Texas Gateway terminal in the Port of Corpus Christi about a month earlier than planned.At least 15 other terminals have started exporting U.S. crude in recent years, encouraged by record shale production and growing demand for barrels in Asia. In April, Mercuria Energy Group-backed Pin Oak Terminals became one of the latest to start …read more
Source:: Yahoo Finance
