The effects of high LNG pricesHigh LNG prices are symptomatic of very high nat gas prices outside North America. That means it has become very expensive to desulphurize products coming from sour or heavy crudes (the hydrogen for hydrofining comes from nat gas ) Thus a premium is developing for sweeter crudes such as Brent and WTI. This will in turn cause an even higher premium for our Condensate which is sulphur free. An even more serious consequence is that there will be a real shortage in sweet crudes. As product demand ramps up and sulphur free jet fuel demand increases, Opec+ will not be able to help even if they want to . Their extra production will all be sour
That is why Biden is making all the noise, he is looking like a fool and will look worse as time passes. No other consuming nation is going to release other than sour crude onto the market.
Winter is coming and low sulphur heating oils will be sorely needed. As a further consequence demand for propane will remain very high also !!