Reuters: U.S. condensate oil export requests put on hold for now

|By:, SA News Editor

The U.S. reportedly has put on hold two companies’ requests for permission to sell condensate, effectively stalling an industry push for U.S. exports of the expanding glut of oil.

The delay may give the Commerce Department more time to put together some form of comprehensive public guidance about what kind of oil can or cannot be exported, answering the industry's plea for clarity; sources tell Reuters they think it could occur within weeks.

The news last month that Pioneer Natural Resources (NYSE:PXD) and Enterprise Product Partners (NYSE:EPD) had been told that putting condensate through an advanced stabilizer was sufficient processing to export it without a license created a storm of confusion and questions.

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