Tag: exports

CERAWeek: U.S. crude export ban is a sanction against ourselves, Murkowski says

“We shouldn’t lift sanctions on Iranian oil while we are keeping sanctions on American oil,” Sen. Lisa Murkowski told energy executives at IHS Energy CERAWeek. “It makes no sense.”  More »

Texas leads nation in exports, thanks to petrochemicals and gasoline

About a fifth of Texas’ $289 billion in exported goods last year were petroleum and coal products — about $59.1 billion worth — according to a new government report.  More »

Report: Refiners can handle the flood of light U.S. crude

The American Fuel and Petrochemical Manufacturers, which commissioned the analysis, hopes it will debunk oil producers’ chief argument for crude exports by proving that refiners have the capacity to consume light, sweet U.S. crude.  More »

Texas, North Dakota lawmakers jump into oil export fray

While Congress deliberates the wisdom of a decades-old ban on crude exports, state lawmakers in oil-flush North Dakota and Texas have moved swiftly to blast the trade restrictions.  More »

Europe refiners’ gasoline profit at 10-month high on exports

Gasoline’s crack, or premium to Brent crude, rose to $13.46 a barrel on Tuesday, the highest since April 29, according to PVM Oil Associates Ltd, one of the largest brokers for the fuel, before falling to $13.13 at 1:21pm London time.  More »

Senators push for oil export deal with Mexico

At issue is a Pemex affiliate’s request to export 100,000 barrels per day of light U.S. oil and condensates in exchange for heavy Mexican crude — a transaction that can be approved by U.S. regulators on a case-by-case basis under existing trade laws.  More »

Joe Barton: Momentum building for oil exports

Low gasoline prices provide a political opening for lifting the oil export ban, says Rep. Joe Barton, R-Ennis.  More »

Poll: Voters back oil exports to U.S. trade partners

When asked how they felt about “allowing American oil producers to sell crude oil to customers in countries who are trading partners,” 69 percent of the respondents said they supported the move.  More »

LNG exports gain momentum on Capitol Hill

The moves come right as low oil prices weaken the economic case for U.S. liquefied natural gas.  More »

House votes to speed up LNG exports

The House-passed bill would give the Energy Department a 30-day deadline to decide whether to grant licenses to broadly export liquefied natural gas, even as the Senate rejected a more aggressive proposal.  More »

Refining execs want to be heard on crude exports

“The implications of lifting restrictions on exporting domestic crude are less well known to lawmakers, much less the public,” said the executives from Alon USA, Monroe Energy, PBF Energy and Philadelphia Energy Solutions.  More »

Oil producers lobby against export vote

U.S. oil producers are warning against an amendment aimed at blocking the export of Canadian crude transported by Keystone XL.  More »

Report: Crude exports would boost production, lower gas prices

This is the first report to examine the issue in light of the recent decline in oil prices, now slashed to less than half their June 2014 high.  More »

Poll: Republicans clash with voters on oil industry priorities

A new survey shows likely voters favor more renewable energy and slashing U.S. dependence on foreign oil — not the Keystone XL pipeline and crude exports.  More »

Cruz to push crude exports

Sen. Ted Cruz is set to offer a proposal to lift the 40-year-old crude export ban, despite skepticism from both critics and supporters of the trade restrictions.  More »
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