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9 months ago

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Asia's refiners face profit crunch as Kuwait cuts crude exports

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Asia's refiners face profit crunch as Kuwait cuts crude exports

Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports by nearly a fifth to feed its huge new refinery, which is driving up prices for other sour crudes and likely to squeeze profit margins.

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Asia's refiners face profit crunch as Kuwait cuts crude exports

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Asia's refiners face profit crunch as Kuwait cuts crude exports

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