EIA: ‘Stay Tuned’ On US Oil Exports

From UPI

There are a series of refinery issues in the United States that should be considered if crude oil exports are to expand, the U.S. Energy Department said.

The Energy Department’s Energy Information Administration said it expects domestic oil production to increase from 6.5 million barrels per day last year to 8.2 million bpd by the end of 2014.

Saudi Oil Minister Ali al-Naimi told the U.S. Center for Strategic and International Studies this week he welcomed U.S. oil gains made in recent years. Instead of touting gains in energy independence, he said U.S. policymakers should consider “to what degree it will, in the future, be prepared to export its oil and gas supplies.”

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