North America
August 24, 2015
Fossil Fuels | Oil
Policy Brief
U.S.-Mexico Oil Swaps Unlock Avenue for U.S. Light Crude
Department of Commerce Rule Will Bolster Refinery Efficiency and Fuel Debate over Lifting Oil Export Ban
Key Takeaways: Light tight oil production from unconventional resources has prompted industry to seek export avenues Approval of U.S.-Mexico crude oil swaps provides an additional market for light crude and increases its value given the current limitations in U.S. refinery capability Oil exchange transactions will potentially enhance refinery utilization in the United States and Mexico…
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