Sudan and South Sudan are optimistic after a peace deal halted a civil war that has decimated crude oil production. The two countries hope to raise combined output to pre-war levels nearly double what they are today. But the peace is fragile. More realistically, they will manage to lift combined output to 300,000 b/d in 2019.
China’s LPG imports will rebound in 2019 after dismal growth of a little over 20 000 bpd in 2018, according to ESAI Energy’s newly published Global LPG Outlook. A new wave of PDH investment will reignite Chinese demand. In a market flush with new supply, exporters will count on an uptick in Chinese demand to stave off a global glut.