- Last month's decision by the Commerce Department to allow exports of condensate (minimally refined ultra-light oil), has paved the path for the U.S. energy industry to become a main supplier in the market.
- South Korea's GS Caltex and Japan's Cosmo Oil (OTCPK:CMOOY) were the first to purchase the new exports.
- As Europe and Asia seek alternative supplies due to the disruption fears of geopolitical crises, stable U.S. condensate demand is set to increase.
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