Tag: exports

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 »

Shrinking foreign oil bill sends US trade deficit lower

Economists predict that the oil market will continue to reduce the U.S. trade deficit and potentially bolster the overall economy.  More »

Feds offer guidance to would-be oil exporters

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 »

Texas congressman introduces bill to end export ban

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 price drop boosts argument for crude exports

Oil prices have fallen roughly 35 percent since June, with surging U.S. crude production helping boost supply beyond softening demand worldwide.  More »

EIA tool gives closer look at oil imports

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 »
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