US condensate exports could benefit from supply-demand gap in Asia
A tightening in Asian markets, exacerbated by sanctions pressure and growing domestic consumption in Iran, affords US producers of ultra-light condensate crude the opportunity to export higher volumes to Asia, according to Morningstar Commodities Research
A proven potential to increase output and a growing market in Asia, particularly from petrochemical plants in Japan, South Korea and China, gives the US a chance to increase market share, says Morningstar