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Landmark deal from Congress could unleash US crude on global oil market

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Listen: Landmark deal from Congress could unleash US crude on global oil market

Congress has agreed to a potentially landmark deal which includes an end to limits on US crude exports, and for the first time in 40 years, US oil producers could soon have access to the global market.

In a special breaking news episode of Capitol Crude, senior oil editors Brian Scheid and Herman Wang delve into the details of the omnibus bill, potential impacts of the deal on market fundamentals, and what it says about the future of US energy policy. Platts' Geoffrey Craig, futures editor in the New York office, also weighs in on how the deal has shifted global oil prices.

Still haven't heard this week's usual episode? Listen to "US oil policy, prices, and making the most of margins" here.

Note: Capitol Crude will be taking a much-deserved holiday break to ring in the New Year by dropping a crystal barrel of crude over Times Square. The final episode of the year will be Dec. 21, and the first of 2016 will be Jan. 11.

Check back every Monday for the latest analysis of US oil policy news from leading Platts editors covering the Capitol. E-mail the editors at and

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