The United States Department of Commerce said it has begun approving requests to sell light processed oil on the international market. The transactions, which now can be conducted by companies without government approval, pertain only to selling crude that has either been processed or refined. The export of raw crude is still outlawed.

The announcement, which Reuters describes as “wrapped in regulatory jargon and couched by some as a basic clarification of existing rules,” is a welcome sight to many in the energy industry seeking a broader m...


Legal Notice