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For signs of how

transforming the
across the world

a test for now

the U.S. shale boom is
global flow of oil, look halfway
at South Korea.

The Asian nation, which relies on the Middle East

for about 86 percent of its oil imports, is
benefiting as new output from Texas to North
Dakota displaces the crudes that fed U.S.
refineries for decades. South Korea received this
month a shipment of Alaskan oil for the first time
in at least eight years and may buy more, the importing
company said. The country was one of the first to
receive a cargo of the ultralight U.S. oil known as
condensate after export rules were eased.
The U.S. shale revolution has driven oil output to the
highest in more than three decades, reducing Americas
need for overseas purchases and sinking global prices
into a bear market. South Korea is seeking to reduce its
dependence on Middle East crude just as OPECs biggest
members discount supplies to protect market share and
Goldman Sachs Group Inc. predicts the group is losing
influence.
2ND TIME
For signs of how the U.S. shale boom is
transforming the global flow of oil, look halfway
across the world at South Korea.
The Asian nation, which relies on the Middle East
for about 86 percent of its oil imports, is
benefiting as new output from Texas to North
Dakota displaces the crudes that fed U.S.
refineries for decades. South Korea received this
month a shipment of Alaskan oil for the first time
in at least eight years and may buy more, the importing
company said. The country was one of the first to
receive a cargo of the ultralight U.S. oil known as
condensate after export rules were eased.
The U.S. shale revolution has driven oil output to the
highest in more than three decades, reducing Americas
need for overseas purchases and sinking global prices
into a bear market. South Korea is seeking to reduce its
dependence on Middle East crude just as OPECs biggest
members discount supplies to protect market share and
Goldman Sachs Group Inc. predicts the group is losing
influence.
3RD TIME
For signs of how the U.S. shale boom is
transforming the global flow of oil, look halfway
across the world at South Korea.
The Asian nation, which relies on the Middle East
for about 86 percent of its oil imports, is
benefiting as new output from Texas to North
Dakota displaces the crudes that fed U.S.
refineries for decades. South Korea received this

month a shipment of Alaskan oil for the first time

in at least eight years and may buy more, the importing
company said. The country was one of the first to
receive a cargo of the ultralight U.S. oil known as
condensate after export rules were eased.
The U.S. shale revolution has driven oil output to the
highest in more than three decades, reducing Americas
need for overseas purchases and sinking global prices
into a bear market. South Korea is seeking to reduce its
dependence on Middle East crude just as OPECs biggest
members discount supplies to protect market share and
Goldman Sachs Group Inc. predicts the group is losing
influence.
4TH TIME
For signs of how the U.S. shale boom is
transforming the global flow of oil, look halfway
across the world at South Korea.
The Asian nation, which relies on the Middle East
for about 86 percent of its oil imports, is
benefiting as new output from Texas to North
Dakota displaces the crudes that fed U.S.
refineries for decades. South Korea received this
month a shipment of Alaskan oil for the first time
in at least eight years and may buy more, the importing
company said. The country was one of the first to
receive a cargo of the ultralight U.S. oil known as
condensate after export rules were eased.
The U.S. shale revolution has driven oil output to the
highest in more than three decades, reducing Americas
need for overseas purchases and sinking global prices
into a bear market. South Korea is seeking to reduce its
dependence on Middle East crude just as OPECs biggest
members discount supplies to protect market share and
Goldman Sachs Group Inc. predicts the group is losing
influence.
5TH TIME
For signs of how the U.S. shale boom is
transforming the global flow of oil, look halfway
across the world at South Korea.
The Asian nation, which relies on the Middle East
for about 86 percent of its oil imports, is
benefiting as new output from Texas to North
Dakota displaces the crudes that fed U.S.
refineries for decades. South Korea received this
month a shipment of Alaskan oil for the first time
in at least eight years and may buy more, the importing
company said. The country was one of the first to
receive a cargo of the ultralight U.S. oil known as
condensate after export rules were eased.
The U.S. shale revolution has driven oil output to the
highest in more than three decades, reducing Americas
need for overseas purchases and sinking global prices
into a bear market. South Korea is seeking to reduce its

dependence on Middle East crude just as OPECs biggest

members discount supplies to protect market share and
Goldman Sachs Group Inc. predicts the group is losing
influence.