Strait of Hormuz Disruption Leaves 1.5 Million bpd of Middle East LPG Stranded, Jefferies Says
Jefferies reports that interruptions in the Strait of Hormuz have tightened near-term liquefied petroleum gas balances by effectively stranding about 1.5 million barrels per day of Middle East LPG. The dislocation is providing support for U.S. Gulf Coast cargo demand, but U.S. midstream firms face limited ability to increase exports because export …