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US shale oil ‘bonanza’ hasn’t shifted global trends yet: analyst

US shale oil ‘bonanza’ has not shifted global trends yet: analyst

WASHINGTON (ICIS)--Despite increased production and outlooks for US shale gas plays in the coming years, it is still too early for shale trends to impact the global market, industry analysts said on Tuesday.

“When we look at product imports through time, the US used to be a large gasoline and distillate importer,” said John Powell of the US Energy Information Administration (EIA) during its 2013 Energy Conference.

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