Asia is getting a greater choice of crude from Alaska North Slope to Venezuela ’s Carabobo and Iraqi Basrah Light as the U.S. shale boom cuts American demand for overseas oil. Crude from around the world is competing for buyers in Asia, says the Paris-based . South Korea is taking the first Alaskan export cargo since 2004, Japanese traders are purchasing U.S. shipments of ultra-light oil from the and India is buying more Latin American output. Asia will account for more than half of global demand growth this year. The U.S. shale revolution is changing the flow of oil and challenging the influence of traditional suppliers. Saudi Arabia, the biggest exporter, is cutting premiums to attract more Asian buyers, according to the IEA. “There is more oil looking for a market and that market is Asia,” , head of the IEA’s oil industry and markets division, said yesterday at […]