Chevron Says Fading US Crude Growth Casts Pall on Port Projects
- Outlook raises questions about need for new export terminals
- Enterprise’s SPOT project stalled amid a lack of ‘traction’
This article is for subscribers only.
Slowing US oil-production growth is casting a pall over projects intended to expand crude shipments to overseas markets, according to Chevron Corp.
New terminal construction, a sure bet in the pre-Covid 19 era, is now plagued with uncertainty after exports of US crude in 2024 expanded at the slowest outside the pandemic years.