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...

By Yongchang Chin · Bloomberg Markets

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.