More than a month after longstanding limits on US crude exports were lifted, some unintended consequences of the policy shift are emerging. While American crude has started to trickle out on to the world market, cargoes of crude grades the US hasn't seen in years are beginning to appear in domestic ports -- such as from Oman, the Baltic Sea and West Africa. Has the policy change to boost US crude exports actually caused imports to rise?
Platts senior editors Brian Scheid and Herman Wang look at the unintended consequences of this landmark policy change. Luciano Battistini, Platts managing editor of Americas crude, checks in to discuss what's happening with current global crude flows and why, and Jeff Mower, Platts director of Americas news, discusses why it may be too soon to say this is the new reality.
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