Mideast crude imports to Northeast Asia drop by 900,000 bpd

Summary

Middle East crude imports into Japan and South Korea decreased by nearly 900,000 barrels per day from February to March. This decline is attributed to the near-closure of the Strait of Hormuz, impacting supply to these countries.

Recent Coverage

• Mideast Crude Imports to Northeast Asia Plummet on Hormuz Closure

  Energy Intel • May 1