Asia Pushes U.S. Supertanker Port’s Oil Shipments to Record
- Exports from Louisiana offshore terminal doubled in January
- Eight vessels set sail from LOOP to South Korea, China, India
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American oil exports from Louisiana’s offshore supertanker port jumped to a record in January as Asian buyers are stocking up U.S. crude for a post-pandemic rebound in fuel consumption.
Eight vessels set sale from the Louisiana Offshore Oil Port, the nation’s only facility that can fully load supertankers, carrying nearly 15 million barrels of crude to South Korea, China and India, according to ship-tracking data compiled by Bloomberg. That’s double the previous month’s volume and an all-time high for LOOP, as the terminal is known.