Condensates to the Rescue? (October 17th, 2014)
Will growing U.S. condensate exports provide a boost to the Aframax tanker segment?
In June of this year two American companies, Enterprise Product Partners and Pioneer Natural Resources, received permission to export slightly treated condensates from the United States. Since then American oil producers and shipowners alike have become excited about the potential of a significant new export trade out of the United States. Will this be the opportunity that tanker owners have been waiting for?