Ban on U.S. oil exports seen dying one ruling at a time

ENGLEWOOD, Colorado (Bloomberg) -- The four-decade-old ban on most crude exports from the U.S., now the world’s largest producer, will be weakened bit by bit as government rulings allow exceptions, say energy analysts including IHS Inc. The Commerce Department’s permission for Enterprise Products Partners LP and Pioneer Natural Resources Co. to ship abroad ultra-light oil known as condensate foreshadows a chain of incremental actions that will chip away at the restriction until it’s obsolete. As much as 1.2 MMbpd may be freed for export on the recent rulings alone.

..»