South Korea’s crude imports tumble to 30-month low in Aug amid lackluster economic activity
September 19, 2023 Comments Off
South Korea’s crude oil imports tumbled to the lowest level in two and a half years in August as consumer spending in Asia’s fourth biggest economy dwindled amid surging household debt and rising pump prices, while industrial fuel demand remained under pressure as manufacturing and construction sectors struggle, market participants said over Sept. 15-19 based on the latest customs data….
South Korea’s crude imports tumble to 30-month low in Aug amid lackluster economic activity
South Korea’s crude oil imports tumbled to the lowest level in two and a half years in August as consumer spending in Asia’s fourth biggest economy dwindled amid surging household debt and rising pump prices, while industrial fuel demand remained under pressure as manufacturing and construction sectors struggle, market participants said over Sept. 15-19 based on the latest customs data….
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