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Market Impact: 0.42
Aster Turns to Latin America, Africa as Mideast Oil Flows Falter
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarTrade Policy & Supply ChainCommodities & Raw Materials
Singapore refiner Aster Chemicals and Energy is sourcing crude from Latin America and West Africa to replace Middle Eastern supply constrained by the Iran war. The shift highlights war-driven disruption to regional oil flows and could raise procurement and freight costs for Asian refiners while supporting demand for Atlantic Basin crude.
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