Nigeria and Libya, whose output has been hit by political turmoil and attacks, are exempt from an OPEC deal aimed at cutting excess oil supplies.
Delaney said the growth in exports will be driven primarily by increased shale production.
The additional supply from the U.S.to an already over-saturated oil market has often been blamed for plummeting prices. However, the expectation for lower prices will drag on USA oil production in 2018. Within half an hour, oil had given back all but about 15 cents of its gain.
Editor's Remarks: US oil companies faced a 40-year ban on most crude exports until 2015.
Brent crude futures rose 65 cents, or 1.4 percent to $48.17 per barrel by 0155 GMT, while U.S.
However, the bulk of the advance was triggered by yesterday's release from the American Petroleum Institute which showed that oil inventories fell by a much more-than-expected 8.1 million barrels in the week ending July 7. This fate looks shaky as USA shale producers are already pulling back and reports of investment capital for shale is drying up. The source added that crude exports will fall to their lowest level this year in August, a level expected to be around 6.6 million barrels per day.
USA oil production has jumped more than 10 percent over the past year to 9.34 million bpd.
The EIA expects demand for petroleum and other liquids to rise by 360,000 barrels a day, or 1.8 percent, next year.
European refineries increased crude oil intake in June, but stocks of oil products, particularly diesel, slid, Euroilstock data showed on Tuesday.
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It's one of the stranger characters within the comic-book universe, but it's also one that has a dedicated following. Derek Theler , who just finished six years on the Freeform sitcom Baby Daddy , will star as Craig Hollis, aka Mr.
Coffee May Lower Risk of Dying, says Study
Interestingly, it also found both caffeinated and decaffeinated coffee seem to provide the same health benefits. Men who drank at least two and a half cups a day reduced their risk by 12 per cent and women by 7 per cent.