U.S. Boosts Oil Exports To Key Asian Markets

U.S. crude oil exports to Asia last week hit the highest in
two months, and the second-highest on record, at 877,000 bpd,
according to data from Kpler. There has been a strong upward trend
in weekly exports of U.S. crude to the continent, and it looks like
this trend is set to continue as shale boomers ramp up production
and OPEC is set to extend its production cut agreement. The biggest
buyer of U.S. crude in Asia was South Korea, which took 357,000 bpd
of last week’s exports. China came in second, importing 222,000 bpd
of U.S. crude, and…

U.S. crude oil exports to Asia last week hit the highest in
two months, and the second-highest on record, at 877,000 bpd,
according to data from Kpler. There has been a strong upward trend
in weekly exports of U.S. crude to the continent, and it looks like
this trend is set to continue as shale boomers ramp up production
and OPEC is set to extend its production cut agreement. The biggest
buyer of U.S. crude in Asia was South Korea, which took 357,000 bpd
of last week’s exports. China came in second, importing 222,000 bpd
of U.S. crude, and…