Asia pushes past rest of the world to become US’ biggest crude buyer

 

New Delhi, Feb 11: Asia pushed past the rest of the world last year to become the biggest buyer of America’s crude oil — and it’s poised to do it again in 2018.
Just two years after Washington ended its crude-export ban, the continent soaked up 37 per cent of the oil the US sent abroad in 2017, up from about 9 per cent in 2016, US Census Bureau data show. And Asia’s appetite for US supply is only expected to grow.