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Oil Shipments Steady as South China Sea Dispute Heats Up

With the United States poised to step up naval patrols within disputed maritime borders of the South China Sea, energy analysts are downplaying worries about potential clashes with China over a waterway that sees one-third of the world's waterborne traded oil passing through its shipping lanes. The 15 million barrels of oil transported daily through the Malacca Strait and South China Sea en route to East Asia are triple the amount that moves through the Suez Canal and more than...

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