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US clearing path for shale oil to be exported

Some firms given the nod to sell lightly treated condensate abroad

SMOOTH SAILING: US now an energy powerhouse after 6-year drilling boom.


THE Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of ultra-light shale oil onto global markets. The Bureau of Industry and Security (BIS), which regulates...

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