Rising oil exports narrows Mars/LLS spread in USGC.

摘要

US crudes continue to remain in demand all over the globe, with Abu Dhabi National Oil Co. (ADNOC) being the most recent firm to sign a tender to import US crude. ADNOC will import a cargo of Eagle Ford condensate with delivery set for Sept. The Eagle Ford condensate cargo will replace Qatari condensate supplies after other members of the Gulf Cooperation Council (GCC) issued sanctions on Qatar due to accusations that it supports terrorism. ADNOC use to import 1.0-1.5MM bbl of Qatari condensate per month under a term agreement with Qatar Petroleum.