1. A Flotilla of US Oil Is Moving Toward Asia- Deliveries of US crude to Asia are set to reach an all-time high this month, soaring to 1.8 million b/d as the relative discount of WTI to other global benchmarks makes American barrels increasingly profitable. - As recently as a couple of days ago WTI still traded at a 9 per barrel discount to Brent and a 6 per barrel discount to the Asian benchmark Dubai, with South Korea, China, and India all joining the buying spree.
- South Korea will remain the biggest buyer of US crude regionally, importing…Chinese Power Demand Is Set To Soar
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