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 »
Low gasoline prices provide a political opening for lifting the oil export ban, says Rep. Joe Barton, R-Ennis. More »
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 »
The moves come right as low oil prices weaken the economic case for U.S. liquefied natural gas. More »
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 »
“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.
U.S. oil producers are warning against an amendment aimed at blocking the export of Canadian crude transported by Keystone XL. More »
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 »
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 »
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 »
Economists predict that the oil market will continue to reduce the U.S. trade deficit and potentially bolster the overall economy. More »
Oil processed in distillation towers is broadly okay for export, according to the new guidance document from the Commerce Department. But oils that are simply run through heater treaters are still ensnared by the 39-year-old ban on crude exports. More »
A top House Republican is introducing legislation to end the nation’s longstanding ban on crude exports, as the oil industry campaigns for the freedom to sell the fossil fuel around the world. More »
Oil prices have fallen roughly 35 percent since June, with surging U.S. crude production helping boost supply beyond softening demand worldwide.
U.S. oil imports have declined steadily over the past four years, as refiners replace foreign light, sweet crude with domestic supplies, according to the Energy Information Administration. More »