Asia's Crude Imports Hit Highest Level Since the Iran War Began

AI Summary

Asia’s crude oil imports in September are projected to reach the highest volumes since the Iran war began earlier this year, with an expected 23.96 million barrels per day. This follows a disruption in Middle Eastern supply that had previously forced Asian buyers to scale back purchases.

Asia is set to import the highest volumes of crude oil in September since February this year, when the Iran war started, crippled supply from the Middle East, and forced buyers in Asia to slash purchases.  Asia is expected to import 23.96 million barrels per day (bpd) of crude oil this month, per data compiled by Kpler and cited by Reuters’ Asia Commodities and Energy Columnist, Clyde Russell.  The crude imports in September would be higher than the 23.38 million bpd that arrived in the region in August and the highest since February,…