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Oil Producers Form New Group to Lobby to Lift Crude Export Ban

Oil producers are forming a coalition dedicated to ending the four-decade U.S. ban on crude exports, signaling a more serious turn in their push to sell to overseas customers.

The Producers for American Crude Exports includes ConocoPhillips, along with at least 13 other companies, company spokesman Daren Beaudo said in a statement. Hess Corp., Marathon Oil Corp., Continental Resources Inc. are also in the group, according to a disclosure statement filed to Congress.