Though a 40-year-ban on crude oil exports from the United States was lifted, federal data show total crude oil exports up only marginally from last year. Trading company Vitol, which has headquarters in Switzerland, loaded 600,000 barrels of light crude oil from a Houston shipping terminal with the help of Enterprise Product Partners during the first week of January. It marked the first sanctioned delivery since a ban on crude oil exports was enacted in the 1970s. The Department of Commerce issued a statement last month that said a license is no longer required to export crude oil. The White House in December signed off on a $1.1 trillion omnibus spending bill that included language that, with certain provisions, lifted the export ban. Lifting the ban had been […]