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Houston Becomes Major Trading Hub as U.S. Crude Exports Soar
The boom in crude exports & the increased relevance of Houston in the trading world reflect significant improvements in energy security. But it’s important to keep the changes in context: The U.S. still imports a large amount of crude oil.

Oil Storage Brimming as Supply Glut Continues
The industry is producing more oil than the world is consuming, and the extra crude is going into storage. Since the onset of the current market downturn in mid-2014, storage tanks around the world have been mopping up the excess oil, putting downward pressure on prices.