Oil analysts see battle for Asian market ahead of peak demand


NEW YORK: A battle for oil market share in Asia may be coming to a head, as the world’s largest crude producers prepare for peak demand, according to some analysts.

Strong demand out of Asia has provided one of the few bright spots for an otherwise dreary 2020 for oil consumption as governments worldwide impose tougher restrictions to curb the spread of coronavirus ahead of a widespread vaccine rollout.

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