Use of shale oil could lower U.S. fuel oil production
The level of U.S. fuel oil production could be lowered the country's crude oil production moves away from traditional resources and toward shale, Ship & Bunker reports.
Some refineries on the Gulf Coast are reported to now be getting up to 60 to 70 percent of their crude oil from Eagle Ford shale, which is a lighter oil that produces less fuel oil.
"In a situation where we are restricted on exporting crude oil and are growing crude oil production...prices will get cheaper, enough that you will have to displace waterborne exports," said Andrew Lipow, president of Lipow Oil Associates.
"We've seen that in the interior of the country already, in North Texas and the Dakotas."
Read in full: http://shipandbunker.com/news/am/477613-shale-oil-puts-us-fuel-oil-production-in-doubt
