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exports

(AP Photo/Hasan Jamali, File)

Iranian crude could pinch U.S. producers without export freedom, paper warns

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The paper notes the “great geopolitical irony” that “lifting sanctions will boost Iranian oil exports at a time when federal law and regulations generally prohibit American oil exports.”
President Barack Obama arrives to speak on March 22, 2012 at the TransCanada Stillwater pipe yard in Cushing, Oklahoma. (AFP PHOTO/Mandel Ngan)

Obama knows crude export ban is “bad economics,” North Dakota senator says

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Sen. Heidi Heitkamp, D-N.D., suggested that momentum is building on Capitol Hill and within the Obama administration for liberalizing the longstanding ban on U.S. crude exports.
Sen. Lisa Murkowski, R-Alaska, speaks during the opening panel discussion of IHS Energy CERAWEEK on Monday, April 20, 2015, in Houston. ( Brett Coomer / Houston Chronicle )

Murkowski releases road map for countries to seek U.S. crude exports

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The study is being released by Sen. Lisa Murkowski, R-Alaska, as the Senate nears a possible vote — as early as Tuesday afternoon — on a measure that would express the sense of Congress that the president should use existing crude and gas export authorities to aide U.S. allies and partners.
An artist rendering of Cheniere Energy's proposed LNG export terminal in Corpus Christi.

Feds hand key LNG export license to Cheniere’s Corpus Christi project

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With the move late Tuesday, the Energy Department is allowing Cheniere to export as much as 2.1 billion cubic feet per day of liquefied natural gas over the next 20 years from the planned facility to countries with which the United States does not have free trade agreements.
Sen. Lisa Murkowski speaks at the IHS Energy CERA Week conference in Houston on April 20, 2015. (Brett Coomer/Houston Chronicle)

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

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“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.”
(Michael Stravato/The New York Times)

Texas leads nation in exports, thanks to petrochemicals and gasoline

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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.
(Photographer: Patrick Semansky/Bloomberg)

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

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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.
An oil tanker navigates the Houston Ship Channel in Houston, Texas on Friday June 13, 2003. Photographer:  F. Carter Smith/ Bloomberg News.

Texas, North Dakota lawmakers jump into oil export fray

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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.
(JEFF PACHOUD/AFP/Getty Images)

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

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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.
Senator Lisa Murkowski, R-Alaska (Photographer: Andrew Harrer/Bloomberg)

Senators push for oil export deal with Mexico

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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.