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Asian buyers snap up US crude, adding stress to tight market
Asian refiners are set to nearly double purchases of US crude for September as Middle Eastern oil prices surge amid the Iran war and Strait of Hormuz disruption. More than 40 million barrels could head to Asia, tightening US crude supplies, pressuring domestic refiners and potentially keeping already-high American fuel prices elevated.
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economictimes.indiatimes.com
The Hormuz crude volume debate masks the real shortage of refined fuels
The oil market is focused on disputed estimates of crude flows through the Strait of Hormuz, but Asias refined fuel markets show clearer signs of disruption. Imports of diesel,…
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cryptobriefing.com
Asian refiners to nearly double US crude purchases in September
Asian refiners nearly double US crude purchases in September. Crude oil reaching a new all-time high by December 31 at 12.5% YES.
