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Texas Oil Hub Gears Up for More Exports to China Despite Virus

  • Corpus Christi customers adding storage to prepare for rebound
  • Port eyes potential futures contract based in Corpus Christi
An oil tanker sails out of the Port of Corpus Christi.

An oil tanker sails out of the Port of Corpus Christi.

Photographer: Eddie Seal

America’s main oil-export hub sees demand picking up from China this year even as a resurgence in the coronavirus clouds the outlook for consumption in the world’s biggest importer.

Texas’s Port of Corpus Christi, home to eight oil export facilities, is laying the groundwork by deepening part of its waterway as two of its customers add storage. With crude stored aboard tankers in Asia being drawn down, the port is pinning its hopes on U.S. exports being able to make up the shortfall.