Asian Refiners Turn Back to Gulf Oil Despite War Risks
Headline from Oil Price
Asia’s refiners are back to buying Middle Eastern oil as flows through the Strait of Hormuz rise, freight rates ease from record highs, and Gulf producers are offering their crude at discounts to regional benchmarks.
Oil Price's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Oil refiners in Asia are increasingly turning back toward crude from Middle Eastern producers as flows rebound after months of conflict, lessening the need for imports from alternative suppliers including the US.
Asia’s refiners are back to buying Middle Eastern oil as flows through the Strait of Hormuz rise, freight rates ease from record highs, and Gulf producers are offering their crude at discounts to regional benchmarks.
Asian Refiners Turn Back to Gulf Oil Despite War Risks | Since Then
