Supertankers could change U.S. oil export game [CNBC]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: CNBC
Tim Rue | Bloomberg | Getty Images The first oil supertanker, capable of carrying 2 million barrels of crude, was being loaded in Louisiana this week, signalling the next phase in the U.S. transition to becoming a major energy exporter. The tanker, 'Shaden,' was chartered by Shell Oil and is Saudi Arabian-flagged, according to a report by S&P Global Platts. The ship was due to leave the Louisiana Offshore Oil Port with a cargo of medium sour crude, sources told Platts. Shell declined to comment on the report. There's a lot of different infrastructure projects that have been underway all over the Gulf Coast to facilitate the rise in U.S. production. We see that activity taking advantage of the rising interest globally in U.S. exports of all types, and the rising demand environment as well, said Michael Cohen, Barclays head of energy commodities research. U.S. oil exports have been growing since Congress reversed a 40-year-old law prohibiting mos
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