BP Says U.S. Shale Boom Is Making Energy Trading More Global
The U.S. shale boom is connecting markets and changing the way oil and gas is bought and sold, according to BP Plc’s 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.
“We’ve 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 London’s Canary Wharf business district on Dec. 16. “Back when I started, we were very regional. I worked on N
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