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North Sea Oil Exports To Asia Set To Hit Record In January

Oil

North Sea crude oil exports to Asia in January are set to total a record 12M bbls (or 387K b/d), Bloomberg reports. The previous record was 10M bbls (or 322K b/d) in October 2016, with volumes across the whole of 2016 averaging around 200K b/d. The rise in shipments has helped to reduce a build-up of tankers involved in short-term floating tanker storage in the region.