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Recently, the first supertanker loaded with U.S. crude oil set sail from the Louisiana Offshore Oil Port (LOOP) in the Gulf Coast headed eastbound for Asia. As the only U.S. port capable of fully loading a Very Large Crude Carrier (VLCC), LOOP is stepping up the United State’s competitiveness in crude oil sales overseas. A recent article by Oil Price delves into how the port will reduce shipping costs as well as dramatic increases in exports to foreign countries

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