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Imports of Venezuelan heavy crude doubled in the week leading up to March 13, reaching the highest since late 2024, according to U.S. government data.

In a desperate bid to transport oil from the U.S. Gulf Coast to Asia, shippers have taken the unusual step of booking smaller vessels as costs soar for the massive tankers typically used. 

A unit of BP was the high bidder in a U.S. auction for oil and gas drilling rights in the Gulf of Mexico, the first sale held during President Donald Trump’s second term.

The energy infrastructure company also sees years of robust demand for the fuel, which currently makes up about 15% of the market, according to CEO Chad Zamarin.

The U.S. EPA awarded the Port of New Orleans $1 million to pay for a sustainability plan to assist with building the multimodal Louisiana International Terminal container facility.

The ports of Los Angeles and Long Beach, which account for roughly a third of all U.S. container imports, have seen a surge this summer.

NEW ORLEANS  — Oil companies offered a combined $264 million for drilling rights in the Gulf of Mexico on March 29 in a sale mandated by last year’s climate bill compromise.

Just over 20% of U.S. Gulf of Mexico oil and natural gas production is back online after Hurricane Ida battered southeast Louisiana, marking an even slower comeback than in the wake of Katrina.

Tropical Storm Zeta is spinning across the U.S. South after walloping New Orleans, blacking out 1.9 million homes and businesses and leaving a trail of wreckage from Louisiana to North Carolina.

Hurricane Zeta is strengthening as it spins across the Gulf of Mexico, threatening to slam into New Orleans in the evening Oct. 28 as a Category 2 storm capable of uprooting trees and causing massive power outages.