Having hit a 15-year quarterly high of 410,000 b/d for Q1 (MEES, 19 April), Korea’s crude imports from the UAE surged again to 570,000 b/d for April, the highest monthly figure since July 2003’s 580,000 b/d.
At an average of 450,000 b/d for the first four months of 2024, volumes are up 55% year-on-year and on pace to match the record annual figure of 446,000 b/d set in 2006. (CONTINUED - 121 WORDS)