Oil prices rose on Tuesday afternoon as Saudi Arabia pledged deeper cuts in March while its biggest partner in the deal, Russia has failed to commit to its part of the agreed cuts Chart of the Week (Click to enlarge) – U.S. exports of ethane have increased from almost nothing in 2013 to as much as 260,000 bpd on average in the first 10 months of 2018, according to the EIA. – Ethane is a critical feedstock for petrochemical manufacturing, with plastics as the main end-use. – The surge of oil and natural gas liquids production has led to a soaring supply of ethane. That has fueled a petrochemical boom along the U.S. Gulf Coast. – But it has also led to a rapid increase in ethane exports. The U.S. surpassed Norway in 2015 to become the world’s top exporter of ethane (Norway is the only other country to […]