Korean imports from key Gulf producers are on the rise. The country is importing increasing volumes from Saudi Arabia, UAE, Kuwait and even sanctions-hit Iran in early 2019 (see p16). Korea imported a 9-month high 1.039mn b/d from Saudi Arabia in February, 245,000 b/d from the UAE, the highest since October 2017 and 452,400 b/d from Kuwait. Although volumes from Kuwait are down on month-ago levels they are above the 2018 average of 447,000 b/d. Volumes from Qatar though fell to 65,800 b/d,...
Gulf Crude Exports To Korea On The Rise
Published on Fri, 15 Mar 2019 - Volume: 62 Issue: 10Print
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