US exports of ultra-light crude, also known as condensate, have doubled since the start of the year, with most shipments headed to Europe. The US exported between 120,000 and 140,000 bpd of condensate last month, up from about 60,000 bpd at the start of the year. The condensate is lightly processed through stabilizers due to rules banning crude exports in the US, according to Reuters.
