Shale samples being tested at exploration and production company Chesapeake Energy's analysis centre in Oklahoma City (photo: dpa)

Export ban under pressure from US crude oil glut

The US ban on crude oil exports, introduced in the wake of the 1973 Arab oil embargo, is being challenged because advances in technology have vastly increased production and decreased the need for imports. The shale oil industry produces light crude. There is now a glut and some restrictions on its export have already been lifted. But this move raises issues for energy markets all around the world.

<em>As a result of technological advances in extracting and producing ‘tight oil’, also known as shale oil, the United States is now delivering eight million barrels per day, pushing it above 10 per cent of the world’s tota...

Unlock the report
8.95 EUR
Secure, instant payment by credit card
 Nick Loris
America’s oil production is expected to grow steadily but infrastructure constraints and the laws governing its ability to export crude oil could restrict output
read more about it in the report
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.
By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms and Conditions. Feel free to check out our policies anytime for more information.
I agree