Cargo Trends Affirm Falling Oil Production

Article Abstract:

Waterborne shipments of crude and condensate have been heading in one direction since the beginning of the shale revolution: up. That statement is no longer true. Nearly halfway through the month, and September loadings are more than 200,000 barrels per day lower than during the same period last year.All Waterborne Loadings (source: ClipperData)Related: Is This The End Of The LNG Story?Waterborne volume is the last to be added and the first to be cut. A drop in domestic waterborne volume is the first firm indication of lower production, because…

from OilPrice.com Daily News Update

Click Here To Read Full Article

Visit OilPrice.com Daily News Update for more great articles.

(Visited 13 times, 1 visits today)

Comments

comments