Middle East oil exports to Asia seen weakening amid OPEC+ cuts, cheap Russian barrels

Middle East oil exporters are expected to continue to lose market share in some Asian countries, particularly in price-sensitive India, amid the 1.66 million b/d voluntary cuts by OPEC+, cheap Russian barrels and higher priced Dubai-linked cargoes. Although exports from seven major oil producers in the Middle East rose 0.6% year on year to 17 million b/d in the first…