U.S. Crude Exports to Asia May Shake Up Global Oil Pricing: Russell
"The great disruptor that is U.S. shale oil is coming to Asia, as refiners in the energy-hungry region look to expand and diversify
their sources of crude, and the consequences will likely go well beyond a shift in oil trade flows."
Why this is important: U.S. crude oil exports to Asia have grown ten-fold since the same period last year. As shale oil
production continues to rise, it is expected the exports to Asia will continue an upward climb. One reason for the export growth is
that most U.S. refineries along the Gulf of Mexico are set up for heavier and sour grade crude from offshore Gulf platforms and
imports from the Middle East, while the shale production is lighter. However, the major reason for the increased export is pricing.
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