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Latin oil bargains erode Saudi market clout in Asia
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
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- Hyundai Oilbank Co.
- Essar Oil Ltd
- Petroleos Mexicanos
- China Petroleum and Chemical Corp.
- Latin American producers
- Saudi Arabian Oil co
- Petroleo Brasileiro SA