Energy & Environment Correspondent
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Jul 28, 2014

Exclusive: U.S. condensate oil export requests put on hold for now – sources

WASHINGTON (Reuters) – The U.S. Commerce Department has put on hold at least two companies’ requests for permission to sell lightly processed crude abroad, effectively stalling an industry push to export an expanding glut of oil amid the U.S. shale revolution, sources said.

The companies seeking clarification on exporting ultra-light oil, known as condensate, have been told that their requests are being “held without action,” a person familiar with the matter said last week, describing an indefinite pause in the review process that allows officials to seek additional information on a decision.

Jul 28, 2014

U.S. condensate oil export requests put on hold for now -sources

WASHINGTON, July 28 (Reuters) – The U.S. Commerce Department
has put on hold at least two companies’ requests for permission
to sell lightly processed crude abroad, effectively stalling an
industry push to export an expanding glut of oil amid the U.S.
shale revolution, sources said.

The companies seeking clarification on exporting ultra-light
oil, known as condensate, have been told that their requests are
being “held without action,” a person familiar with the matter
said last week, describing an indefinite pause in the review
process that allows officials to seek additional information on
a decision.

Jul 16, 2014

U.S. must decide whether to reverse crude export ban: IEA chief

WASHINGTON (Reuters) – The United States must decide soon whether to overturn its nearly 40-year ban on oil exports or it risks inhibiting output from the domestic drilling boom, the executive director of the International Energy Agency said on Tuesday.

“Do you want to be an energy island that is fenced in or do you want to be a huge (oil) producer at the same time as being a huge consumer?” Maria van der Hoeven told Reuters in a wide-ranging interview about energy policy.

Jul 8, 2014

U.S. officials urge Ukraine to reform natgas market

WASHINGTON, July 8 (Reuters) – Ukraine must reform its
historically inefficient and corrupt natural gas markets to
guard against Russian aggression and supply controls, U.S. State
Department officials told lawmakers on Tuesday.

After invading and annexing Crimea this year, Russia cut off
natural gas supplies to Ukraine last month in a dispute over
unpaid bills. Escalation of the nearly decade-long argument
between Moscow and Ukraine over gas imports has raised concerns
about a disruption of supplies to the rest of Europe.

Jun 28, 2014

Exclusive: Loophole for condensate exports may apply to other U.S. crudes – sources

By Timothy Gardner and Kristen Hays

(Reuters) – The U.S. decision allowing minimally processed super-light oil known as condensate to be freely exported may open the door to doing the same with other types of crude too, according to industry and government sources who have reviewed the ruling.

This view, which has not been previously reported, will add to intense speculation over how much of the U.S. shale oil boom will reach overseas markets and how quickly loopholes will be opened in the 40-year-old ban on exporting domestic crude.

Jun 27, 2014

Loophole for condensate exports may apply to other U.S. crudes -sources

June 27 (Reuters) – The U.S. decision allowing minimally
processed super-light oil known as condensate to be freely
exported may open the door to doing the same with other types of
crude too, according to industry and government sources who have
reviewed the ruling.

This view, which has not been previously reported, will add
to intense speculation over how much of the U.S. shale oil boom
will reach overseas markets and how quickly loopholes will be
opened in the 40-year-old ban on exporting domestic crude.

Jun 27, 2014

Exclusive: U.S. crude that goes through distillation can be exported – sources

By Timothy Gardner and Kristen Hays

(Reuters) – All U.S. crude that is processed by a distillation tower, not only light oil known as condensate, is exempt from the 40-year crude export ban, U.S. government and industry sources said on Friday.

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.

Jun 27, 2014

U.S. crude that goes through distillation can be exported -sources

June 27 (Reuters) – All U.S. crude that is processed by a
distillation tower, not only light oil known as condensate, is
exempt from the 40-year crude export ban, U.S. government and
industry sources said on Friday.

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.

Jun 26, 2014

U.S. clarifies which petroleum drillers can export

WASHINGTON, June 25 (Reuters) – U.S. energy markets marked a
seismic shift on Wednesday after federal officials provided
clarity on what companies glutted with domestic shale oil can
ship to thirsty markets abroad, leading to expectations for a
potential surge in petroleum exports.

News that companies can export a type of ultra-light crude
if it has been minimally refined pushed U.S. oil prices
higher, and triggered a realignment in energy stocks, with
refiner shares sagging while those in several oil and gas
producers jumped.

Jun 25, 2014

U.S. clarifies what lightly processed oil drillers can export

WASHINGTON, June 25 (Reuters) – U.S. energy markets marked a
seismic shift on Wednesday after federal officials provided more
clarity on what companies glutted with oil can ship to thirsty
markets abroad, leading to expectations for a potential surge in
shale oil exports.

News that companies can export a type of ultra-light crude
if it has been minimally refined pushed crude oil prices
higher, and triggered a realignment in energy stocks, with
refiner shares sagging while those in several oil and gas
producers jumped.

    • About Timothy

      "I cover U.S. energy and environment policy and climate change. Moved to DC in late 2009 after a decade in New York. Author of "Diminishing Resources:Oil," which is one in a series of books for young adults."
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