Despite the recent surge in US oil exports, the volumes of crude leaving the US remain minute. It is looking increasingly likely that some export restrictions will be relaxed, but this could take years. In the meantime, though, US refiners can retool to use more shale oil, and new pipelines from Canada will bring more heavy crude to the Gulf coast. All of these factors should still help to pull down oil prices.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services