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Middle East Exporters Maintain Grip On Korea’s Shrinking Crude Oil Market
...*Middle East exporters continue to dominate Korea’s steadily dwindling crude oil market. Korean crude imports over the first nine months of the year are down 2% to 2.77mn b/d, while the Middle East’s share of the total remains steady at 72%. Korean imports peaked at 3.03mn b/d in 2017 and ha...
Volume: 68Issue: 42Published at Fri, 17 Oct 2025 -
South Korea 2024 Crude Imports: UAE & USA Gain On Dominant Saudi
...*South Korea, the world’s number four crude importer after China, the USA and India, saw imports rise by just under 2% to 2.78mn b/d for 2024, though this remains 250,000 b/d shy of the record annual import figure of 3.03mn b/d set in 2017 (see chart & table). *Latest official Ko...
Volume: 68Issue: 03Published at Fri, 17 Jan 2025