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Tag Archives: u.s. crude exports

Senate approves wide-ranging energy bill

WASHINGTON (AP) — The Senate approved a wide-ranging energy bill Wednesday that would promote a variety of energy sources and speed federal approval of projects to export liquefied natural gas to Europe and Asia. Senators backed the measure, 85 to 12, the first ambitious energy bill approved by the Senate in nearly a decade. The bill would boost renewables such ...

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Mexico gets final permission for US crude oil imports

MEXICO CITY — The U.S. has given Mexico final permission to import about 75,000 barrels of light crude per day from north of the border. In return, Mexico will send heavier crude to U.S. Gulf coast refineries. The permit applies for one year. Mexico’s state-owned Pemex oil company said Wednesday the arrangement will allow better logistics and refinery use, and ...

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Green incentives seen as key to lifting U.S. oil export ban

WILLISTON, N.D. – Legislation crawling its way through Congress that would end the U.S. ban on crude oil exports will succeed only if tied to renewable energy incentives, said Senator Heidi Heitkamp, a moderate Democrat working to convince others in her party to support ending the decades-old restrictions. Heitkamp, who represents oil giant North Dakota, said she is convinced her ...

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Top 5 Bakken stories of the week

In case you missed them, here are the top five stories from Bakken.com for the week of August 16th through August 21st. Enjoy! 5. U.S. approves landmark crude oil export swaps with Mexico WASHINGTON – The Obama administration will allow limited sales of U.S. crude to Mexico for the first time, a senior administration official told Reuters, marking another milestone ...

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U.S. approves landmark crude oil export swaps with Mexico

WASHINGTON – The Obama administration will allow limited sales of U.S. crude to Mexico for the first time, a senior administration official told Reuters, marking another milestone in loosening a contentious ban on exporting domestic oil. The Commerce Department is “acting favorably on a number of applications” to export U.S. crude in exchange for imported Mexican oil, the official said. ...

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Oil prices ease as U.S. stockpiles seen rising

SINGAPORE – Oil prices eased on Tuesday on expectations of another rise in U.S. stockpiles and as Saudi Arabia keeps output near record highs, but prices remained near a 2015-peak reached last week. Crude prices have climbed around 18 percent since the start of April on speculation about falling U.S. output after the domestic oil rig count hit 2010 lows. ...

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