Top administration officials are considering relaxing federal laws banning crude-oil exports, a move that would upend decades-old policy, cause a political stir in Washington and sway the global oil market. U.S. Energy Secretary Ernest Moniz said Tuesday that some of the fast-growing supply of domestically produced oil isn’t suitable for refining locally, which could warrant re-examining a nearly 40-year-old law that bans exports of most crude. “The nature of the oil we’re producing may not be well-matched to our current refinery capacity,” Mr. Moniz said Tuesday after an energy conference in Seoul. The administration is studying the issue, though government officials declined to comment on its scope or timing. The statements, paired with similar comments by senior Obama counselor John Podesta last week, mark a notable policy shift inside the administration over the past six months. At an energy conference in December sponsored by Platts, Mr. Moniz responded only […]