U.S. Crude That Goes Through Distillation Can Be Exported - Sources

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U.S. Crude That Goes Through Distillation Can Be Exported - Sources

by Wochit 0:41 mins

U.S. Crude That Goes Through Distillation Can Be Exported - Sources

by Wochit 0:41 mins

Government and industry sources said on Friday, any U.S. oil that is lightly processed by a distillation tower is not bound by the 40-year crude oil ban. The Department of Commerce determined this week that two companies that produce condensate, a light oil, can export the petroleum if it is processed by a distillation tower. The sources said any crude, not just condensate, that goes through the process can also be exported, potentially widening the amount of petroleum U.S. producers can send to markets abroad.

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