The surge in US exports of energy over the coming five years will ensure that the US remains a major supplier of fossil fuels to the rest of the world. A large proportion of these exports will be LNG, as new export terminals come online. But exports of refined oil products and coal are also likely to rise because domestic demand is set to weaken leaving more available to export. In contrast, crude exports should never exceed imports, detracting from the otherwise sizeable energy trade surplus.
In view of the wider interest, we are also sending this Energy Focus to clients of our Commodities Overview service.
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