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US Exports Make More Waves, Taking Opec Share In Core Asian Markets
...ead with imports of 8.53mn b/d for January-September 2017 versus 7.97mn b/d for the US). But here too US trading patterns have been making waves, with imports from Saudi Arabia falling to just 504,000 b/d in October (based on weekly data to 27 October) the lowest monthly figure since 1987. For the we...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Opec Producers Cash In On WTI Weakness Amid Tight Asia Market
...• Cuts to Opec output from the start of 2017 have focussed on the grouping’s Mideast core. This has tightened markets in Asia, raising the value of the Opec crude basket against Brent, and especially US marker WTI. The latter is priced at Cushing, Oklahoma, an inland location just to the no...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017