Oil-Hungry Asia Turns Back to Mideast in Earnest as Flows Expand

Asian oil refiners increased purchases of Middle Eastern crude as shipments resumed following months of regional conflict, according to trade data cited by Bloomberg. The shift reduced demand for crude from alternative suppliers including the United States. Refiners in the region had previously diversified their sourcing during the supply disruptions.

• Bloomberg — Oil-Hungry Asia Turns Back to Mideast in Earnest as Flows Expand

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