Phillips 66 is shipping oil from Texas to an East Coast refiner, the first cargo of US crude on that route using a foreign vessel since President Donald Trump waived a 100-year-old maritime law.
The Bakken oil — a light-sweet grade from shale formations in North Dakota and Montana — was loaded in early April at a Phillips 66 terminal in Beaumont, Texas, onto the Malta-flagged Htm Warrior, according to ship-tracking data compiled by Kpler. It will be delivered to the Trainer refinery in Pennsylvania, owned by
The use of a foreign-flagged vessel to ...