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Policy Debates Over U.S. Oil Exports

The Financial Times reports that "The oil market is abuzz after two companies received US government rulings allowing them to freely export condensate, a superlight type of oil."  

"It has also been confused since the Wall Street Journal first reported on the approvals, with the White House saying on Wednesday that there had been 'some misunderstanding.'""  

Debate among analysts has centred on the significance of the two confidential rulings. Do they foretell the demise of a nearly 40-year-old ban on exporting most crude oil? Or were they isolated cases involving a negligible amount of energy?"  

"The answers are no and no."

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