Shell Seeks Commerce Department OK For Export Of US Oil

Law360, New York (October 12, 2012, 7:41 PM EDT) -- Royal Dutch Shell PLC has asked the U.S. Commerce Department for approval to begin exporting crude oil, the company said Friday, joining a growing list of oil companies looking to capitalize on an increase in domestic oil supplies.

The move comes amid a steady increase in requests for exceptions to long-standing federal laws prohibiting crude exports from the U.S., as oil companies look to markets abroad to sell some of the rising supply in places like Texas and North Dakota. BP PLC and oil trader Vitol...
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