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With Iran squeezed out, U.S. oil takes on new rivals in Europe
Reuters: When the global oil trading industry gathered for its biggest annual meeting in Asia in September last year, U.S. oil producing companies came well prepared.
U.S. giant Exxon Mobil and European rival Royal Dutch/Shell prepared brochures for oil buyers detailing various U.S. crude grades and why they were suitable to replace part of Asia’s long-standing supplies from the Middle East, Africa and Russia.
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