John Gallagher
Friday, November 20, 2020
Watchdog: Lifting crude oil export ban dealt blow to Jones Act tankers
U.S. shipbuilding also hit as demand dropped amid excess vessel capacity.
U.S. shipbuilding also hit as demand dropped amid excess vessel capacity.
Warning sign for tanker investors as US crude exports begin to reverse course.
For a window on future demand for U.S. crude oil, look to international markets, as ever-more U.S. volumes head to sea.