Uniform Commercial Code (UCC): Federal law governing commercial transactions, particularly Article 2 on Sales which regulates the sale of goods including oil
Energy Policy Act: Federal legislation that addresses energy production, including oil, covering aspects of production, transportation, and consumption
Interstate Commerce Act: Federal law regulating transportation and commerce between states, affecting oil transportation and distribution
Clean Air Act: Environmental legislation that regulates air emissions from industrial sources, including oil processing and usage
Oil Pollution Act: Federal law establishing liability and compensation for oil spills and mandating spill prevention and response planning
State UCC Adaptations: State-specific modifications to the UCC that may affect oil purchase agreements within particular states
INCOTERMS: International commercial terms that define responsibilities of buyers and sellers in international oil transactions
Foreign Corrupt Practices Act (FCPA): Federal law prohibiting bribery of foreign officials, crucial for international oil transactions
API Standards: American Petroleum Institute standards defining industry specifications and requirements for oil quality and handling
FERC Requirements: Federal Energy Regulatory Commission regulations governing interstate energy commerce and markets
Resource Conservation and Recovery Act (RCRA): Environmental law governing proper management of hazardous waste, including oil waste products
DOT Requirements: Department of Transportation regulations governing the transportation of oil and petroleum products
Jones Act: Maritime law requiring goods shipped between U.S. ports to be transported on U.S.-built and operated vessels
Federal Excise Taxes: Tax regulations specific to oil and petroleum products at the federal level
State Severance Taxes: State-specific taxes imposed on the extraction of natural resources, including oil
