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Booming oil and gas production, particularly from the Permian Basin, has made the industry reliant on foreign markets to continue its growth.
With the long-term contract model fading, LNG’s success as a commodity will rely on providers’ ability to put the product on the water as cheaply as possible.
Geopolitical concerns and recent data would likely drive up the price of oil, but traders are rattled by concerns that a trade war will unhinge the global economy.