Asian Refiners Pull Back on Middle Eastern Oil After Buying Spree
Asian refiners have significantly slowed their purchases of Middle Eastern crude oil after a three-week buying spree. The surplus barrels are now being absorbed by oil majors and traders stepping into the market. The pullback reflects efforts to digest the large volumes accumulated during the recent purchasing rush.
Comments
No comments yet — be the first to weigh in 👇
No comments yet. Be the first!