South Korea takes less Saudi, US crude in Aug as economic indicators paint weak oil demand outlook
September 29, 2023 Comments Off
South Korea’s August crude imports tumbled 22.3% from a year earlier with refiners taking less shipments from Saudi Arabia and the US amid growing concerns that fragile consumer sentiment and tepid economic activity would put significant pressure on the domestic oil demand, industry sources said Sept. 26-29, based on the latest data from Korea National Oil Corp. The world’s fourth-biggest…
South Korea takes less Saudi, US crude in Aug as economic indicators paint weak oil demand outlook
South Korea’s August crude imports tumbled 22.3% from a year earlier with refiners taking less shipments from Saudi Arabia and the US amid growing concerns that fragile consumer sentiment and tepid economic activity would put significant pressure on the domestic oil demand, industry sources said Sept. 26-29, based on the latest data from Korea National Oil Corp. The world’s fourth-biggest…
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