*Thailand’s crude imports remained subdued at just under 950,000 b/d for Q3 2021. In contrast to most Asian countries where Saudi Arabia is the dominant supplier, in Thailand the UAE has long been a clear number one. This taste for UAE crude has seen Thai state firm PTT develop significant upstream stakes in Abu Dhabi (MEES, 24 December 2020).
*The UAE has remained a clear number one for 2021, though both the UAE and number two Saudi Arabia have lost market share. The UAE supplied 257,000 b/d for the first nine months of 2021, down 11% year-on-year, whilst Saudi volumes of 185,000 b/d were down 6% (see table). (CONTINUED - 218 WORDS)
