Murkowski Says Condensate Exports Would Be Reasonable First Step

U.S. Senator Lisa Murkowski, Republican of Alaska, says reported Commerce Dept. decision to allow export of condensates “reasonable first step that reflects the new reality of our energy landscape.” * “The rules remain outdated, nonetheless, and should be modernized. I continue to urge the administration to fully lift the ban on crude oil and condensate exports.” * Nymex Aug. crude +79c, or 0.8%, to $106.82/bbl at 618pm in N.Y. * EARLIER today: WSJ reports U.S. Ruling Would Allow Shipments of Unrefined Oil Overseas * EARLIER March 6, BP Splitter Refinery Seen Skirting U.S. Oil Export Ban