Graph of U.S. crude exports, as explained in the article text Source: U.S. Energy Information Administration, Petroleum Supply Monthly The United States exported 268,000 barrels per day (b/d) of crude oil in April (the latest data available from the U.S. Census Bureau), the highest level of exports in 15 years. Exports have increased sharply since the start of 2013 and have exceeded 200,000 b/d in five of the past six months. The increase in crude exports is largely the result of rising U.S. crude production , which was 8.2 million b/d in March. To export crude oil from the United States, a company must obtain a license from the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce. Under export licensing requirements, the following kinds of transactions will generally be approved: Exports from Alaska’s Cook Inlet Exports to Canada for consumption or use therein Exports in […]