The decision, in effect for a year, could increase US petrochemical exports to China.
South Korea passes Canada as the top importer of U.S. oil; China is No. 3.
Sanctions forced Indian importers to seek other suppliers.
Cartel members concerned about price slides stemming from trade disputes.
Volume of LNG at Venture’s Plaquemines terminal will increase by 1.5 mtpa.
U.S. crude producers may have lost the fast-growing China market because of President Donald Trump's trade dispute, but they have more than compensated by making inroads into the rest of top oil-consuming region Asia.