July 2, 2020 – Crude exports from the Louisiana Offshore Oil Port (LOOP) are hitting a record high even as U.S. crude exports have fallen as the coronavirus pandemic has chopped worldwide fuel demand.

LOOP - Image by Edibobb/Wikimedia/CC BY 3.0

Oil majors Royal Dutch Shell Plc and BP Plc are the main winners from rising LOOP exports, because they pump most of the mid-sour crude exported from the terminal.

http://www.oedigital.com/news/479862-record-high-oil-exports-from-big-u-s-offshore-port?utm_source=AOGDigital-ENews-2020-07-02&utm_medium=email&utm_campaign=OEGDigital-ENews

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