Spending Bill Lifts U.S. Oil Export Ban And Extends Tax Credit For Renewables

Key Takeaways: Removal of crude oil export restrictions expands U.S. access to the global market, but an immediate boost to U.S. crude exports is unlikely due to the global oil-supply glut and low prices Crude oil exports could harm the domestic refining industry, although the level of impact depends on the refining sector growth and…