Stock Groups

Bipartisan group warns Biden not to halt U.S. oil exports

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO: A flare burns extra pure fuel within the Permian Basin in Loving County, Texas, U.S. November 23, 2019. REUTERS/Angus Mordant/File Photograph

NEW YORK (Reuters) – A bipartisan group of eight members of Congress, together with six from Texas, warned U.S. President Joe Biden in a letter on Thursday to not halt U.S. oil exports.

The group mentioned it was involved that the White Home was contemplating reinstating a ban on U.S. oil exports. The letter argued {that a} crude export ban wouldn’t assist decrease gasoline costs.

Disclaimer: Fusion Media wish to remind you that the info contained on this web site will not be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs usually are not offered by exchanges however fairly by market makers, and so costs will not be correct and should differ from the precise market worth, that means costs are indicative and never acceptable for buying and selling functions. Subsequently Fusion Media doesn`t bear any accountability for any buying and selling losses you would possibly incur because of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or injury because of reliance on the data together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is likely one of the riskiest funding varieties potential.

[ad_2]