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Oil Supertanker Squeeze Is Crimping US Crude Exports, Texas Port CEO Says

Bloomberg Markets Thursday 12 November 2026, 21:33 UTC By Christopher Charleston and Nathan Risser 1 min read
Key Points

EXCLUSIVE Oil Supertanker Squeeze Is Crimping US Crude Exports, Texas Port CEO Says A shortage of available oil supertankers is constraining US crude exports, prompting shippers to hire smaller vessels and direct more cargoes to Europe, according to the head of the largest US port. For the first time in four years, not a single very large crude carrier, or VLCC, entered the US Gulf of Mexico to collect an oil cargo last week, Port of Corpus Christi Chief Executive Officer Kent Britton said...

EXCLUSIVE Oil Supertanker Squeeze Is Crimping US Crude Exports, Texas Port CEO Says A shortage of available oil supertankers is constraining US crude exports, prompting shippers to hire smaller vessels and direct more cargoes to Europe, according to the head of the largest US port. For the first time in four years, not a single very large crude carrier, or VLCC, entered the US Gulf of Mexico to collect an oil cargo last week, Port of Corpus Christi Chief Executive Officer Kent Britton said in an interview with Bloomberg News on Thursday.
Texas Port (ORG) US (LOCATION) Europe (LOCATION) the US Gulf of Mexico (LOCATION) Port of Corpus (ORG) Kent Britton (PERSON) Bloomberg News (ORG)
Originally published by Bloomberg Markets Read original →

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