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Russian Crude Muscling West African Volumes Out of Asia

OIL

West Africa crude exports to Asia in March set to fall to lowest since at least 2013 according to Kpler

  • The slowing exports of West African crude are exacerbating a supply overhang in the West of Suez market and weighing down the Brent prices that the West African grades are pegged to.
  • Asia’s demand for discounted Russian oil has muscled out demand for West African grades.

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