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Commodities Briefing - Categorized | Oil, Regulatory more

U.S. Oil-Export Ban Is Under Review

Posted on 14 May 2014

Top Obama administration officials are considering relaxing federal laws banning crude-oil exports, a move that would upend decades-old policy, cause a political stir in Washington and sway the global oil market.
U.S. Energy Secretary Ernest Moniz said Tuesday that some of the fast-growing supply of domestically produced oil isn’t suitable for refining locally, which could warrant re-examining a nearly 40-year-old law that bans exports of most crude………………………………………..Full Article: Source


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