Author: Ceyhun Sahinkaya

U.S. Exported 2 Million Barrels of Crude Oil A Day Last Week

Last week, the U.S. exported almost two million barrels of crude oil a day. This is a new record high since 1993, according to compiled government data. The high volume of crude exports has reduced the price of oil. This new trend has created fear of a global oversupply. The cause of this record high is Hurricane Harvey. It was one of the most devastating hurricanes in U.S. history that mostly affected the Southeast Coast, and hit Texas refiners big time. Since then, the industry has been trying to recover from Harvey, and U.S. crude prices took a hit,...

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Port of Charleston Plan to Use Barges from Terminals to Railway

Authorities at the Port of Charleston have been experiencing difficulties moving containers by highway, due to congestion and road conditions. Recently, they came up with the idea of moving the cargo out of the terminal by barges. The Port of Charleston has applied to the Federal Government’s Department of Transportation to create a new ocean route for barges to carry containers on two rivers, the Wando and Cooper Rivers, that surround the Charleston port. The proposal includes the containers to be unloaded to the terminal’s container yard. Then, the containers will be loaded on to the barges that will...

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