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US oil exports to Asia eat into OPEC-Russia share

Updated : May 31, 2018 08:50:32 IST

US oil export is expected at around 2.3 million barrels per day into Asia and that is indicating that the US is now eating into Saudi Arabia and Russia’s market share into Asia.

Increase in US output and export has led to the US crude oil prices declining but the Brent crude prices have been rising up as markets still are looking at supply concerns.

 
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