U.S. Oil Exports

Setting the Record Straight

The United States’ Commerce Department’s recent decision action to allow certain exports of condensate prompted headlines claiming that the rules regarding crude oil exports had changed.

In our view, although this action may over time reveal whether any new interpretation of the established definitions of what is and is not crude oil has been made, it is quite clear that no change was made in the rules regarding crude oil exports.

U.S. Oil Exports