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First Alaskan crude in 14 years heads to Korea

Easing of export ban to help lower fuel prices: analysts

Published Wed, Oct 1, 2014 · 09:50 PM

[NEW YORK] The first US export of Alaskan crude to South Korea in more than a decade set sail at the weekend, according to a company source and shipping data, marking another milestone as booming shale oil output forces domestic drillers to seek new customers.

The Suezmax Polar Discovery loaded at the Valdez terminal in Alaska late last week and was due to arrive next week in Yeosu, South Korea, accordin…

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Transport & Logistics

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