Asian appetite for US crude oil grows

2021-10-19

US crude oil shipments to Asia are poised to increase through the end of the year as a wide spread between West Texas Intermediate and Brent oil futures makes American crude grades more appealing to Asian buyers, according to traders. ESAI Energy upstream analyst Elisabeth Murphy expects US crude exports to climb from about 2.6 million barrels per day in September to 3.1-3.2 million bpd this month, driven by European and Asian demand.

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