oil exports

(Newser) - Russia says it's making good on its vow not to sell any oil under a price cap imposed by Western nations. Vladimir Putin signed a decree Monday stating that no oil will be sold to the Group of Seven nations, the European Union, and other allied nations between Feb....

(Newser) - Since the 1970s, the US has largely banned the exporting of unrefined oil. But the rules put in place after that decade's Arab oil embargo are changing: The Commerce Department is allowing two companies to export condensate, a form of ultralight oil that can be turned into gasoline, diesel,...