Japanese refiners increase Oman crude purchases after Saudi pipeline shutdown
after close1 source ↓written by the desknot a recommendation
Japanese refiners are rushing to buy Oman’s crude following the shutdown of Saudi Arabia’s East-West pipeline due to drone attacks. This pipeline, crucial for bypassing the Strait of Hormuz, has been temporarily halted as a precaution after injuries were reported. The situation may lead to increased demand for Oman crude in the near term.
Not investment advice. For informational purposes only.