Asia Turns to U.S. Oil as War Chokes Middle East Supply
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مدعوم بالذكاء الاصطناعيAsian refiners are increasing purchases of US oil to offset lost Middle East supply, with 60 million barrels of American crude set to be loaded for Asia in April, the highest in three years. This shift is expected to impact global oil prices and have cross-market reflections. The move is a direct result of the choked Middle East supply due to the de facto closed Strait of Hormuz.
The increased demand for US oil is likely to support prices for American crude grades, such as WTI, while potentially pressuring prices for Middle Eastern grades. This development may also lead to a decrease in demand for other non-Middle Eastern oil sources, such as Brent, as Asian refiners diversify their supply chains.
سياق المقال
U.S. crude loadings for Asia are set for a three-year in April as Asian refiners are accelerating buying of American oil to partially offset the loss of supply from the Middle East, traders with knowledge of recent purchases told Bloomberg on Thursday. About 60 million barrels of American crude grades are set to be loaded for Asia next month, according to Bloomberg’s trade sources, as Asian refiners are scooping up non-Middle Eastern supply from all other regions since the de facto closed Strait of Hormuz has trapped most of the…
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