Bloomberg: the U.S. has exported the first after the abolition of the 40-year-old embargo the shipment of oil

Bloomberg: the U.S. has exported the first after the abolition of the 40-year-old embargo the shipment of oil


NEW YORK, January 1. /Corr. Kirill Volkov/. The U.S. made its first delivery of oil after lifting the embargo on the export of “black gold”, which operated in the country for 40 years. This was reported on Friday by Bloomberg.

According to the Agency, an oil tanker owned by ConocoPhillips from the us, went from the city of Corpus Christi (Texas) in one of the Italian ports. The party is intended for the Swiss-Dutch company Vitol, one of the largest petrotraders in the world. According to Bloomberg, in the next few days the U.S. will deliver to Vitol a minimum of one shipment of hydrocarbons.

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In the U.S. lifted a ban on the export of American oil, which operated for 40 years

As previously reported by the Wall Street Journal, during the first week of January, the U.S. intends to ship about 600 thousand barrels of oil produced from the terminal in Houston in southern Texas.

In December, the U.S. Congress passed the Federal budget for 2016, which laid the provisions on the lifting of the ban on exporting American oil. It was introduced in 1975 in the period of energy crisis caused by the conflict in the middle East. Since then, the company’s U.S. supplied abroad only refined products, including gasoline.

Supporters of lifting the embargo argue that in the face of rising oil production in the U.S. this will have positive repercussions throughout the American economy. For their part, the opponents of the resumption of the supply claim that it is profitable only to large energy companies and against the interests of consumers.

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Experts: the lifting of the ban on oil exports from the U.S. will moderately affect the prices