Saudi crude share in South Korea dips below 30% for the first time in five years
- Saudi crude accounted for 29.9% of South Korea’s oil imports between January and August.
- This marks the first time since 2021 that Saudi crude’s import market share fell below 30%.
- South Korean refiners are actively diversifying crude sources to hedge against Middle Eastern shipping risks. 15 words
- US crude imports rose to 20.12%, capturing market share as refiners reduced Middle Eastern reliance.
Source: siasat.com
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