December 23, 2015 – NBC News
U.S. Firms Eager to Test the Water After Lifting of Oil Export Ban
U.S. energy group Enterprise and oil trader Vitol are racing to exploit the end of a 40-year ban on most U.S. crude exports, the first of many firms eager to "stress test" last week's historic opening.
Despite a sudden change in global oil market conditions that many oil traders say has eliminated the economic advantage of shipping domestic crude abroad, some companies that have long lobbied for the change in policy may be eager to show that their effort was not in vain, according to some experts…
Read the full article here: http://www.nbcnews.com/business/energy/u-s-firms-eager-test-water-after-lifting-oil-export-n485316
…But analysts said even if a handful of companies announce deals in coming weeks, it does not signal a bigger trend.
"It's universally agreed in the short term that we won't see a flood of ships leaving for foreign ports because the economics aren't right," said Sandy Fielden, director of energy analytics at RBN Energy.