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Asia’s Demand for Middle Eastern Oil Slows After Buying Spree

Asia’s Demand for Middle Eastern Oil Slows After Buying Spree
Bloomberg Markets Wednesday 24 June 2026, 06:56 UTC By Yongchang Chin 1 min read
Key Points

Asia’s Demand for Middle Eastern Oil Slows After Buying Spree Asian refiners have slowed purchases of Middle Eastern crude after a buying spree over the past three weeks, with oil majors and traders stepping in to take some of the surplus barrels. Purchases from Abu Dhabi National Oil Co. eased after three rounds of tenders, with a fourth that closes this week set to show a similar pattern, said traders familiar with the matter. More barrels were snapped up by majors and trading houses...

Asia’s Demand for Middle Eastern Oil Slows After Buying Spree Asian refiners have slowed purchases of Middle Eastern crude after a buying spree over the past three weeks, with oil majors and traders stepping in to take some of the surplus barrels. Purchases from Abu Dhabi National Oil Co. eased after three rounds of tenders, with a fourth that closes this week set to show a similar pattern, said traders familiar with the matter. More barrels were snapped up by majors and trading houses including Shell Plc and Mercuria Energy Group Ltd., they added.
Asia (LOCATION) Asian (ORG) Middle Eastern (LOCATION) Abu Dhabi National Oil Co. (ORG) Shell Plc (ORG) Mercuria Energy Group Ltd. (ORG)
Originally published by Bloomberg Markets Read original →

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