Seeking Alpha

U.S. to export first condensate to Asia

  • 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.
  • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, USL, UWTI, DWTI, DNO, SZO, OLO, OLEM, TWTI
Comments (4)
  • Scooter-Pop
    , contributor
    Comments (2061) | Send Message
     
    Who was the Seller of the Condensate sold to Cosmo?
    24 Jul, 03:56 AM Reply Like
  • al roman
    , contributor
    Comments (5914) | Send Message
     
    Ancient Chinese secret.
    24 Jul, 07:17 AM Reply Like
  • User 353732
    , contributor
    Comments (4887) | Send Message
     
    Free trade in energy in energy benefits all involved.
    Increased condensate, refined product, LNG and within a few years, crude will create more wealth, income and jobs in the US while delivering strategic and economic value to foreign consumers.
    24 Jul, 08:07 AM Reply Like
  • ur a fool
    , contributor
    Comments (2) | Send Message
     
    Serious question: How can a minimally refined oil be ultra-light?
    24 Jul, 09:08 AM Reply Like
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