US bows to pressure to allow oil exports

The US government has finally taken a few steps toward easing a 40-year-old ban on exports of most domestic crude, according to Reuters. These steps seem to be in the direction of allowing ultra-light shale oil to be marketed globally.

Reuters reported that the US Bureau of Industry and Security, which regulates export controls, has now more clearly clarified what kind of oil is allowed for export under the current ban. It will also now allow some companies that had requested clarifications on permissible exports to sell lightly treated condensate abroad.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...