The U.S. Commerce Department opened the door to more U.S. oil exports as long as the crude is lightly processed, tempering the impact of a law that’s banned most overseas petroleum shipments for the past four decades.
The worsening conflict in Iraq poses a bigger risk to long-term oil prices than traders anticipate, according to banks from Citigroup Inc. and Bank of America Corp.
"We are confident that the temporary light-oil physical glut is removed from the Atlantic Basin at these levels, because a number of Brent-related crudes have cheapened."
- Harry Tchilinguirian on Aug 21, 2014
BNP’s Tchilinguirian Sees Little Disruption to Oil Flow (Audio)
Bloomberg - The First Word: Aug. 26, 2014
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