Distillation Tower

Last week’s clarification from the Bureau of Industry and Security (BIS) about the process required to export lease condensate may make exports easier on paper but it won’t stimulate export demand. The BIS move is timely because available exports of this light hydrocarbon material could increase significantly, depending on what happens to crude prices. However current low price levels and questions about future overseas demand could diminish the significance of the BIS process improvements. Today we describe the BIS clarifications and whether they are likely to make a difference.