B · Normal
[Asian refiners turn their attention back to Middle Eastern oil producers as supply recovers] November 13th: Asian refiners are increasingly turning back to crude oil from Middle Eastern oil producers, thereby reducing import demand from alternative suppliers including the United States. Middle East crude supplies are picking up after months of conflict. Asian refiners have increased or resumed purchases from the region, including crude that needs to cross the still-disputed Strait of Hormuz, according to traders familiar with the matter. The traders spoke on condition of anonymity because they were involved in commercial matters. Crude supplies from the United Arab Emirates, Saudi Arabia and Qatar are increasing, they said.
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