For decades, Asian oil buyers relished Tapis from Malaysia, Seria Light from Brunei, Duri from Indonesia, and Daqing from China. Now, as plunging regional output starves them of high-quality crude, they are developing a taste for something new.

Oil prices dipped, stalling a bull-market rally, as traders weighed whether rising output from U.S. shale fields will dash OPEC’s effort to trim a worldwide glut of crude.

Step aside OPEC, diesel is now driving up oil prices.

For India, higher oil prices mean further pressure on growth

LONDON (Reuters) - When crude prices crashed in early 2016 to $27 per barrel, most industry executives said the world had seen the last of oil at $100.

Oil sustained its bull-market rally in New York as demand for American crude pushed exports to a record.