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Oil Price - Will U.S. Oil Exports Help Restore Its Waning Geopolitical Influence? - Global - Dimibo

Oil Price - Will U.S. Oil Exports Help Restore Its Waning Geopolitical Influence? - Global - Dimibo   Since the U.S. lifted its restrictions on crude oil exports in December 2015, a dozen new countries have joined its long-term export partner Canada, which had been exempt from these restrictions. The U.S. is currently exporting crude in the thousands of barrels per day, while importing in the millions of barrels per day. However, with oil prices now recovering from February’s ten-year-lows, some companies are ramping up drilling efforts, especially in shale plays that have stayed profitable even in the sub-US$45-50 oil price. Healthy demand… - ...Continue reading
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