The winter storm has sucker punched Texas, where severe winters are a rare sight, and has suspended the petroleum industry chain of the state that induced a sizeable void in the production capacity of oil refining for the US, which resulted in a chaotic status for the global tanker shipping as tankers carrying crude oil are now turning around swiftly. Simultaneously, the global market is currently targeted at the exports of gasoline and diesel to the US in order to replenish the void derived from the halted production of oil refining in Texas. ...  more
Global Market Directed at Exports to the US as Frozen Texas Sustains Chaotic Fuel Provision |
| published: 2021-03-08 9:30 |