- A ConocoPhillips (COP -1.9%) tanker ship full of crude oil is on its way to South Korea from Alaska, the first oil export from Alaska in a decade.
- Alaskan oil exports are a sign that domestic demand for the state's crude is drying up as production rises in the continental U.S.
- The U.S. has had a 39-year ban in place barring the export of domestic oil, but exports from Alaska are one of the few exceptions; still, the last time oil was exported from the state was in 2004.
- COP says future shipments would hinge on market conditions and tanker availability.