The measure increases payments to certain unionized maritime shipping firms.
Legislation lifting the decades-old ban passed out of committee in a 31-19 vote.
The action is a significant step toward passing the legislation.
The American Petroleum Institute launched an buy on Wednesday.
Congress is set to vote this fall on a proposal to lift the ban on crude oil exports.
The Senate took a major step toward ending the 40-year-old ban Thursday.
A study commissioned by a group opposed to exporting crude oil found that ending the decades-old...
A pair of labor groups is breaking with the country’s largest union federation.
Lifting the United States’ ban on exporting crude oil might only give limited help to Eastern...
Rep. Fred Upton said lifting the ban on exporting crude oil could have many benefits.
The head of the Energy Information Administration said the United States should be in no rush to...
Murkowski said she will introduce a bill this year to end the 40-year-old ban.
Ernest Moniz told the lawmakers that oil exports are not within his purview.
The House Energy and Commerce Committee will vote on the legislation Thursday.
A coalition of petroleum refiners released surveys Wednesday to warn Sens. Mark Kirk (R-Ill.) and...
The vote puts the measure on track for House passage this fall.
The move is one of the most significant recent actions to allow exports of crude.
His endorsement likely sets the stage for floor action this fall.
Chairwoman Murkowski intends to move the bill before the August recess.
Sen. Lisa Murkowski urges countries to ask for exemptions to the U.S. ban on crude exports.
Energy and Commerce Chairman Fred Upton said lifting the ban “can be a win.”
Sen. Murkowski introduced 17 bills that could be included in a broader package.
The Senate Energy chairwoman is moving to lift the 40-year old ban.
Republicans said lifting the ban on exports would decrease gasoline and diesel prices in the U.S.