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South Korea’s confidence in crude supply security grows amid ample Saudi, UAE shipments

October 31, 2023 Comments Off

South Korea may shrug off OPEC crude production cuts and geopolitical jitters in the Middle East, as refiners and government officials expressed strong confidence in their trade and business relationships with top Persian Gulf producers, with more sour crude shipments arriving from Saudi Arabia, the UAE and Qatar so far this year. The world’s fourth biggest crude importer received 30.5…