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oil exports

Oil and Gas Investor Editor Leslie Haines: We Will Never Stop Importing Oil, but We May Start Exporting

October 11, 2014 by Jim Patrick

Leslie Haines is editor-in-chief of Oil and Gas Investor magazine. In November 1992, the Independent Petroleum Association of America awarded Haines with the 2nd Annual Lloyd Unsell Award for Excellence in Petroleum Journalism. She is a former president of the Houston Producers' Forum.[read more]

Exporting US Oil to Mexico

September 15, 2014 by Geoffrey Styles
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Two of the biggest energy stories of the last twelve months have been the reform of Mexico's oil sector after 75 years of state monopoly and the United States oil industry's drive to gain approval to export a growing surplus of domestic light crude oil.[read more]

Condensate Pries Open the Oil Export Lid

July 21, 2014 by Geoffrey Styles
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Last month we learned that the Commerce Department gave two US companies permission to export condensate that would otherwise be trapped here under a 1970s-vintage ban on oil exports. This validates the view that the administration has the statutory authority necessary to allow such exports.[read more]

ISIS Threatens Iraq's Oil Upside

July 10, 2014 by Geoffrey Styles
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ISIS and Iraq Oil Threat

Last month's blitzkrieg advance of Al Qaeda spinoff ISIS in northwestern Iraq rattled global oil markets and politicians. Yet even as the rebel offensive appears to stall, the escalation of risk in Iraq and its neighbors could affect geopolitics, oil supplies and fuel prices for the rest of the decade.[read more]

Energy Quote of the Day: 'The Rules Remain Outdated'

June 27, 2014 by Jared Anderson
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Aging Energy Export Rules

As we reported last November, US crude oil export laws can be absurd, with policies regulating condensate exports particularly convoluted. Thus it appears two forward-thinking companies took advantage of this “squishy” legal situation to gain condensate export approval.[read more]

U.S. Crude Exports in April Rise to Highest Level in 15 Years

June 22, 2014 by U.S. EIA: Today in Energy
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US Crude Exports

The United States exported 268,000 barrels per day (b/d) of crude oil in April (the latest data available from the U.S. Census Bureau), the highest level of exports in 15 years. Exports have increased sharply since the start of 2013 and have exceeded 200,000 b/d in five of the past six months.[read more]

U.S. Petroleum Product Exports to Mexico Rise while Mexican Crude Exports to the U.S. Fall

June 1, 2014 by U.S. EIA: Today in Energy

U.S., Mexico, and Petroleum

The United States imported 850,000 barrels per day of crude oil from Mexico in 2013, which is the lowest volume since 1993. In the past decade, U.S. crude oil imports from Mexico fell 47%, primarily as a result of declining production of crude oil in Mexico.[read more]

Energy Quote of the Day: 'We Would be in a Position to Send this Oil to World Markets'

April 26, 2014 by Jared Anderson

Kurd Oil Exports

The dispute over oil exports between the Kurdistan Regional Government and Iraqi federal leadership in Baghdad rattles on, with Turkey becoming increasingly vocal. Iraqi officials have yet to cement a national oil law that would standardize regulations covering exports and revenue distribution.[read more]

The Pros and Cons of Exporting US Crude Oil

January 30, 2014 by Geoffrey Styles
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Senator Lisa Murkowski (R-AK), the ranking member of the Senate Energy & Natural Resources Committee, issued a white paper earlier this month calling for an end to the current ban on US crude oil exports. Her characterization of existing regulations in this area as "antiquated" is spot on.[read more]

exclusive

Should the U.S. Allow Increased Domestic Crude Oil Exports?

April 8, 2013 by John Miller
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U.S. domestic crude oil production has increased significantly in recent years. Would exporting some of this new domestically-produced crude oil be in the best interests of the U.S. overall?[read more]

How Oil Exporters Reach Financial Collapse

April 8, 2013 by Gail Tverberg
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In general, oil exporters with declining production face worrisome situations. If oil prices do not keep rising rapidly, oil exporters will need to cut back on social programs–something that will not be well-accepted by citizens.[read more]

Should the US Become An Oil Exporter?

July 19, 2012 by Geoffrey Styles

kolyvanov/Shutterstock

Last week I missed attending a fascinating panel on the growth of US oil production, hosted by  the New America Foundation in Washington, D.C. Fortunately, I was able to catch most of the live webcast, which is still available for replay. Much of the discussion focused on the potential of new "tight oil" production techniques,...[read more]

Responding to Iran By Doubling Efforts To Gain Oil Independence

January 11, 2012 by Deron Lovaas
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With demand for oil increasing in Latin America and elsewhere in the world and Iran threatening to close the Straits of Hormuz, it is not inconceivable that the price of oil could reach an all-time high and stay there some time in the coming year.[read more]