Analysis

Why have US crude oil exports surged

The US is benefitting from a shale revolution that in just a few years has transformed the hydrocarbon sector – both for oil and gas. For decades the US had anticipated a bleak future dependent on hydrocarbon imports from often unfriendly nations. Now the talk is of hydrocarbon self-sufficiency.

Expansion of Alaskan ore terminal approved

The Alaska Industrial Development and Export Authority has approved a 7.5Mn project to expand the Skagway Ore Terminal, construction of which is to begin late this summer, with project completion expected in 1Q14.

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