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Latin oil bargains erode Saudi market clout in Asia

Discount of Latin American oil to Middle East benchmark Dubai widens to almost double the average of past year
Thursday, April 2, 2015 - 05:50
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SHIPS carrying oil from Mexico docked in South Korea this year for the first time in more than two decades as the global fight for market share intensifies

Tokyo

SHIPS carrying oil from Mexico docked in South Korea this year for the first time in more than two decades as the global fight for market share intensifies.

Latin American producers are providing increasing amounts of heavy crude to bargain-hungry Asian refiners in a