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ConocoPhillips CEO: End the crude oil export ban

2014-09-22 16:43:04| Oil & Gas - Topix.net

The price of oil and global demand have dipped in recent weeks, but Houston-based ConocoPhillips Chairman and CEO Ryan Lance still sees a critical long-term need for the U.S. to loosen its ban on crude oil exports. Although oil prices have exceeded $100 a barrel for most of the year, global Brent pricing for oil was below $98 a barrel at the end of last week, while West Texas Intermediate pricing was just more than $93 a barrel.

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