North Sea Oil Exports to Asia at 8-Year High

Bloomberg reported that North Sea oil exports shipped to Asia have surged to the highest in the past eight years.

As quoted in the market news:

Companies led by BP Plc and Vitol Group have sent at least 8 million barrels of North Sea oil to Asian ports since mid-December, equivalent to six days of U.K. production, according to ship-tracking data from AISLive Ltd.

Click here to read the full Bloomberg report.