Expectations of an increase in the price of a barrel of oil to $ 100
Seaborne crude exports have increased in recent weeks and are approaching 3 million barrels per day so far this month, according to Matt Smith, lead oil analyst for the Americas at Kpler. That was just below the average of 3.2 million barrels per day for crude exports in December, the strongest month since February 2020, he said.
Shipping data on Refinitiv Eikon showed that shipments booked for the month of February were heading to several countries including China, South Korea and India. These three are among the largest regular buyers of US crude.
The International Energy Agency said Thursday that global demand in Asia in 2022 is expected to rise 4% to 37.2 million barrels per day, making it the only major region ahead of the 2019 pace.
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