US Media: Over 100 Tankers Head to US to Ship Oil
BlockBeats News, April 15th, according to CBS, the White House stated that 103 oil tankers are heading to U.S. ports to load American crude oil. The White House claimed that, with record energy production, the U.S. is providing a "vital lifeline to the world" amid the global oil crisis.
The Trump administration stated that out of a total of 103 empty vessels, 54 are Very Large Crude Carriers (VLCCs), each capable of transporting about 2 million barrels of crude oil. According to the U.S. Energy Information Administration, the U.S. is the world's largest oil producer, with a pre-war daily production of 13 million barrels.
The U.S. exports approximately 11 million barrels of oil per day and imports 8 million barrels, making the U.S. a net oil exporter.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SpaceX Rival Claims €10 Billion Pipeline After First Orbit. How Will Stock React?
Gold: Bull market conviction broadens – Societe Generale
Extenda Retail’s nyce.logic signs STERAC as first German customer
Japanese Yen hits six-and-a-half-month high on hawkish BoJ bets
