First US crude cargo delivered to the Caribbean

摘要

The lifting of US crude export restrictions has led to another seemingly unusual movement: the export of West Texas Intermediate crude from the US Midwest to the island of Curacao off Venezuela. When US President Barack Obama signed into law the lifting of restrictions last December, analysts speculated that it would take some time for exports to increase, citing a tight spread between WTI priced at Cushing, Oklahoma, and North Sea Brent crude.