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Asian Oil Imports Decline For A Second Consecutive Month
Crude oil imports to Asia last month declined from August amid refinery maintenance and higher prices. This was the second consecutive monthly dip in imports, Reuters’ Clyde Russell reported. London Stock Exchange Group data showed that crude oil shipments to Asia averaged 24.95 million barrels daily in September. This was down from 25.22 million barrels daily in August and from 27.92 million barrels daily in July. The higher rate of imports in July and previous months was in part due to refiners ramping up output to stock up on ready fuels before maintenance season begins. Yet higher prices have also played a role ... (full story)
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- Posted: Oct 2, 2023 5:30am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 244
