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The export ban is keeping U.S. crude prices down
The crude export ban in the United States is often referred to as an antiquated piece of legislation that prevents U.S. light sweet crude oil from reaching international markets. Much of the refining capacity in the U.S. is designed for heavier crudes, meaning U.S. producers need to price their oil at a discount in order to remain competitive, according to recent research from Rice University.

Dr. Kenneth Medlock of the Baker Institute at Rice University published a new study titled “To Lift ...


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