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IEEJ sees 2015 non-OPEC oil supply rising 1.6 mil b/d, led by US exports

Posted on 11 July 2014

Non-OPEC oil supply is expected to rise by 1.6 million b/d in 2015 from a year earlier, led by increasing US liquids exports, a senior oil analyst at the Institute of Energy Economics, Japan said Thursday. Yoshikazu Kobayashi, oil group manager at IEEJ’s fossil fuels and electric power industry unit, said the outlook considered rising LPG supplies from the US and a recent US Commerce Department decision allowing exports of lightly processed condensates.
“We expect to see US condensates flowing into the Asian market from now on,” he said, adding that US condensate export volumes would be limited but would nevertheless help reduce procurement prices of naphtha and light crudes in Asia………………………………………..Full Article: Source


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