US oil export infrastructure faces post-boom bust
Previous anxieties over lack of infrastructure have been replaced with fears of looming overcapacity
Unbuilt US oil export terminal projects proposed in recent years are stuck in limbo, their prospects for construction bleak. And while capacity at existing terminals has continued to grow, oil flows into and through these facilities have been unable to match the expansion. This is a distinct turnaround from twelve months ago, when there were concerns about crude bottlenecks on the Gulf Coast and a lack of capacity to accommodate booming exports. Global energy demand destruction sparked by the pandemic has upended all forecasts and turned the problem dramatically on its head. The flurry of new deepwater crude terminal proposals kicked off in 2018 as developers scrambled to provide new capacit
Also in this section
29 April 2026
The UAE’s exit from the alliance marks a decisive step towards a world in which oil markets are shaped less by collective management and more by national strategy
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
