Russia grabs more Asian market share as pipeline starts

East Siberia-Pacific Ocean oil pipeline extension began operating on the first day of the new year, which is set to increase Russia's market presence in China. Russia is already China's top supplier. Saudi exports to China keep falling... Russia's keep growing. OPEC's influence waning as Russia, who signed onto the production cut agreement, hits record production in 2017 anyway, and is getting a bigger piece of the world's largest oil market: Asia.

 

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