Oil Houses Look For Bigger Role In US
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