Thursday, 10 September 2015

Saudi oil maintains Asian market share - FT.com

Saudi oil maintains Asian market share - FT.com:



"Saudi Arabia maintained its market share among Asian oil importers in the first half of this year but threats to its long-term standing loom, according to the US energy department.



The share of these crude oil imports from Saudi Arabia averaged 23.2 per cent from January to June, compared with 23.9 per cent in the same period in 2014, the Energy Information Administration said on Wednesday.



The world’s largest crude exporter and biggest Opec producer “increased production and kept its export levels high, enabling it to maintain its market share”, the EIA said."



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