Asian buyers have purchased the most US oil in three years this month as they seek alternatives to Persian Gulf crude constrained behind the Strait of Hormuz. The shift is re-routing regional seaborne crude flows, supporting US export demand and potentially putting upward pressure on regional energy prices in the near term.
Asian buyers have purchased the most US oil in three years this month as they seek alternatives to Persian Gulf crude constrained behind the Strait of Hormuz. The shift is re-routing regional seaborne crude flows, supporting US export demand and potentially putting upward pressure on regional energy prices in the near term.
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