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Monday, January 30, 2012

''China, Japan scramble for oil as Sudan shuts fields''

"The shutdown in Sudanese oil supply could drive up already record premiums on spot crude markets as top Sudan customers China and Japanscramble for alternatives even as they weigh the impact on oil flows of international sanctions on Iran. 

South Sudan has shut down its oil output, estimated at around 350,000 barrels per day (bpd), as it and neighbour Sudan row over how to disentangle their oil industries, borders and debt." 



from economic times of india...

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