Asian refiners increase US crude purchases as Hormuz shipping traffic declines amid geopolitical tensions, traders report.
South Korea’s GS Caltex bought two million barrels of Mars
crude from Shell for November arrival.
| Photo Credit:
iStockphoto
At least four Asian refiners
Asian refiners buy more US crude as Hormuz remains blocked
Hormuz Crisis Pushes Asian Refiners Toward U.S. Oil | OilPrice.com
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