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Category: GlobalEconomy

BP Says U.S. Shale Boom Is Making Energy Trading More Global

January 09, 2015 Posted by Chris Wysong

Anna Shiryaevskaya of Businessweek reports on how the U.S. shale movement is connecting markets around the world, transforming oil and gas trading. BP Says U.S. Shale Boom Is Making Energy Trading More Global By: AnnaShiryaevskaya (Businessweek) The U.S. shale boom is connecting markets and changing the way oil and gas is bought and sold, according to BP Plcs trading unit. Understanding one commodity in a region is no longer enough, Carol Howle, head of global oil Europe and finance at BP Integrated Supply Trading, said in an interview. Change in trade flows will come as the U.S. turns from an importer of liquefied natural gas to an exporter and liquefied petroleum gas export capacity increases, she said. Weve seen a huge amount of change, particularly in the past several years with the U.S. market changing so much around shale, changing trade flows, changing global connectivities, Howle, 42, said in her office in Londons Canary Wharf business district on Dec. 16. Back when I started,

Posted in Shale, GlobalEconomy
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