January 28, 2020

Will a Democrat in the White House reimpose US crude export limits?

Environmental groups are ramping up pressure on US presidential candidates to reinstate limits on domestic crude exports, an outcome likely to cause a sharp decline in US oil output and put an estimated 4.7 million b/d in exports at risk.

On Tuesday, Greenpeace and Oil Change International released a report which argued that reinstating limits on crude exports could lead to annual reductions in global emissions of between 73 million mt to 165 million mt of carbon dioxide-equivalent, roughly the same as closing 19 to 42 coal-fired power plants.

Read the full story and more in S&P Global Platts.