Quote: The obscure rule change by the Department of Commerce will likely please domestic oil drillers, foreign trade partners and some Republicans who have urged Obama to loosen the export ban, Reuters reports. The latest measures were wrapped in regulatory jargon and couched by some as a basic clarification of existing rules, but analysts said the message was unambiguous: a green light for any company willing and able to process their light condensate crude through a distillation tower, a simple piece of oilfield kit.
Posted on: Sun, 04 Jan 2015 01:59:06 +0000
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