Asia's Crude Imports Hit Highest Level Since the Iran War Began
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 da
Source: OilPrice.com
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DW NOTE
Asia imported more crude last month than at any point since the Strait closed in September — not because supply normalised, but because buyers stockpiled before prices climbed further. WTI is down 14% this week to $91, but that's off a war premium, not a glut. The IEA still expects global supply to fall 5.7 million barrels per day this year. Asian refiners aren't betting on stability; they're frontrunning the next shortage.