Global oil traders are looking to grow their exposure to the surging flows of US shale oil, taking stakes in pipelines, storage tanks and export terminals as the world’s biggest oil producer wins an increasing share of the global oil market. More than three years after a ban on US crude exports was lifted, independent trading houses are acutely focused on controlling US export infrastructure in the hunt for trading margins from shipping US light oil to refiners around the wor

Steep declines in US crude exports coupled with sustained record-high production added to US crude supply last week, US Energy Information Administration data showed Wednesday. Total US commercial crude stocks moved sharply higher by 7.98 million barrels to 403.96 million barrels during the week ended 28 September, EIA said, far exceeding analyst expectations of a 2.76 million barrel build. US production held at all-time highs of 11.1 million b/d and a 163,000 b/d uptick in i