Asian refineries boost Argentine crude amid Middle East supply issues

Bloomberg reported that Asian refineries increased their purchases of Argentine oil due to disruptions in Middle Eastern supplies caused by the war with Iran. Refineries in Japan, South Korea, and China have bought "Midadito" crude oil in recent weeks, with at least one shipment loaded this month—marking the first time Japanese refineries have accepted this type of oil. This move is part of refineries' efforts to compensate for supply shortages resulting from regional tensions, which has led to a notable surge in demand for Argentine oil.

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