Japanese refineries seek Middle Eastern oil amid Saudi supply issues
Japanese refineries are increasing their oil purchases from the Middle East, especially amid disruptions in Saudi supply channels and heightened competition for available shipments. Early purchases of October cargos, which are typically loaded in November, indicate a move to secure supplies more quickly, amid rising shipping costs and increased tensions in the Asian oil market. This reflects Japanese refineries' concerns about potential delays in deliveries and their ability to meet their needs in the coming months.
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