Pacific MR Economics Drive Regionalisation between Basins

AI Summary

The resumption of tanker transits through the Strait of Hormuz has aided the restoration of crude oil flows to non-China Asian buyers, which supports recovery in refinery operations across Northeast Asia. Refiners have secured crude supplies and are rebuilding inventories, boosting product exports.

The resumption of tanker transits via the Strait of Hormuz has helped restore crude flows to non-China Asian buyers, supporting a recovery in refinery runs across Northeast Asia. With refiners securing crude supplies for August delivery and working to rebuild depleted inventories, regional runs have rebounded toward seasonal averages. This has also lifted product exports, ...