You are here

US will become major oil exporter if curbs are lifted, says report

Govt-sponsored report says America will be able to send 2.4m barrels a day overseas in 2025

Refiners are against lifting the export ban, saying it will reduce investment in new equipment and possibly hurt East Coast plants that now depend on rail shipments of domestic crude.

San Francisco

THE US will become one of the world's largest oil exporters if domestic production continues to surge and policy makers lift a four-decade ban that keeps most crude from leaving the country, a government-sponsored study shows.

America would be capable of sending as...

Market voices on: