Reported about 16 hours ago
Chevron Corporation has expressed concerns that the slowing growth of US oil production is negatively impacting projects aimed at expanding crude exports to international markets. As US crude shipments grew at their slowest rate outside of the pandemic in 2024, the feasibility of new terminal constructions is increasingly uncertain. With rising prioritization of investor returns over production expansion, some projects, like the Enterprise Products Partners’ Sea Port Oil Terminal, are struggling to gain traction among potential customers, raising questions about their future viability.
Source: YAHOO