OPEC said on Dec. 12 it had offset a drop in sanctions-hit Iranian oil exports and lowered the 2019 forecast of demand for its crude, underlining the challenge the producer group faces to prevent a glut even after last week's decision to trim output.
Several companies in the sector play crucial roles as the midstream grows to handle greater sales abroad.
It’s beginning to look a lot like a tight natural market everywhere you analyze, says Stratas Advisors.
Departure marks the first export of LNG from Texas.
The deal could be as long as 10 years and include buying a stake in a U.S. project.
Construction on 10 mtpa facility to start in early 2019 after expected FERC approval.
Important trends could buffet the growing U.S. export market.
Second vessel to visit Corpus could be the first to load an LNG cargo there.
Country also seeks to expand its petrochemical business.
Company mum on when the first cargo will leave the facility.