Asian Buyers Pay Premium For UAE Crude
Buyers from Asia and other regions are turning to the U.S. to replace Gulf supply due to a blockade of the Strait of Hormuz. This increased demand has positioned the U.S. as the top exporter of crude to plug the supply gap. Oil prices remain above $100 a barrel. U.S.
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Developing
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Sources · 7 independent
CNA938 Singapore
“buyers from Asia and elsewhere are turning to the U.S. to replace Gulf supply. That increased demand has made the U.S., once again, the top exporter of crude, as it helps plug the supply gap due to the blockade of the Strait of Hormuz.”
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