INDICES
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EIA: South Korea Overtakes China as No. 2 Buyer of US Oil
EghtesadOnline: South Korea overtook China as the No. 2 destination for US crude behind Canada in 2018, as shipments to South Korea soared to a record high of 558,000 barrels per day in December while shipments to China have started to return from zero, according to Energy Information Administration data released Friday.
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China's tariffs on U.S. oil would disrupt $1 billion monthly business
EghtesadOnline: China’s threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.
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Oil World Turned Upside Down as America Sells Oil in Middle East
EghtesadOnline: The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil.
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Asian Equities Mixed as Harvey's Impact Assessed
EghtesadOnline: Asian stocks fluctuated and U.S. equity futures fell as investors weighed the damage from Tropical Storm Harvey on U.S. oil refining centers. The greenback maintained losses after Federal Reserve Chair Janet Yellen failed to provide clues on monetary-policy tightening.
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Oil prices rise on signs of tightening market
EghtesadOnline: Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States.
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Brent Oil Steals Show as Hedge Funds Leave U.S. Crude Aside
EghtesadOnline: While enthusiasm in the U.S. oil market dwindles, things are looking a little brighter across the pond.
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U.S. Oil Drillers Keep Pressure on OPEC With Record Shale Output
EghtesadOnline: Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts to support prices.
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Oil prices firm on optimism over declining stocks
EghtesadOnline: Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows signs of slowing.
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Oil prices stable as strong demand meets ongoing supply glut
EghtesadOnline: Oil prices were stable on Tuesday, supported by strong consumption but weighed by ongoing high supplies from producer club OPEC and also the United States.
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Top Oil Market Summons Poseidon as U.S. Crude Vies With Mideast
EghtesadOnline: Poseidon is wading into the battle between U.S. crude and Middle East supplies in the world’s biggest oil market.