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US oil exports soar to new milestone

U.S. oil exports hit a 15 year high in April, despite broad limitations on foreign sales, according to a report released Monday by the federal Energy Information Administration.

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Report: Refiners can handle the flood of light U.S. crude

The American Fuel and Petrochemical Manufacturers, which commissioned the analysis, hopes it will debunk oil producers' chief argument for crude exports by proving that refiners have the capacity to...

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