Small Refinery Exemption Litigation Update
There have been media reports recently that have discussed the disposition of crude oil that is being released from the Strategic Petroleum Reserve (SPR). You may recall that the Biden Administration ordered emergency sales...more
The U.S. is Set to Become the World's Biggest Oil Exporter Thanks to the Fracking Revolution - "The U.S. shale revolution has made it to one of the world's largest energy producers and potentially the largest oil exporter...more
On October 24, OFAC issued General License No. 2D renewing sanctions exemptions for nine Belarusian entities to make transactions otherwise prohibited by Executive Order 13405. Of note, the list of nine entities includes...more
On Friday, December 18, 2015, the U.S. House of Representatives and the Senate passed a bill to fund the federal government through September 2016, which includes a provision lifting the 40-year-old ban on the export of crude...more
Rising congressional support signals real promise that the ban on U.S. crude oil exports could be repealed within the next six months. The U.S. now exports more than 550 thousand barrels per day (kbd) of crude oil and another...more