On Tuesday, September 13 from 9:00 am to 10:00 am EDT, the Atlantic Council Global Energy Center hosted a virtual conversation on the prospects for a potential export ban of US oil products and the ramifications of such a measure for the global oil market.

Amid geopolitical turmoil in the wake of Russia’s full-scale invasion of Ukraine and a strong recovery of demand to date, the global oil market has experienced a protracted period of volatility. Amid an environment of supply-side and demand-side shocks, prices have been inflated and bottlenecks have emerged, particularly in the refining sector. In recent weeks the US east coast has drawn down its inventories of oil products to their lowest levels since 2015—nearly 50 percent below the five-year average—and US withdrawals from crude inventories have exceeded analyst expectations by as much as 300 percent.

In response, US policymakers have weighed the possibility of imposing a ban on export of refined oil products in response. If enacted, how would this move affect the global market equilibrium? What would the consequences of an export ban be for US consumers? What options, if any, could serve as an alternative for policymakers in Washington to ensure the domestic market is adequately supplied?

A conversation with

Sarah Emerson


Energy Security Analysis, Inc (ESAI)

John Padilla

Managing Director

IPD Latin America

Moderated by

The Global Energy Center develops and promotes pragmatic and nonpartisan policy solutions designed to advance global energy security, enhance economic opportunity, and accelerate pathways to net-zero emissions.