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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

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