South Korea Plans to Triple Canadian Crude Imports as Saudi Share Slips
The share of Saudi crude in South Korea’s oil imports dipped below 30% for the first time since 2021, as the resource-poor G7 economy moved to diversify supplies amid the Middle East crisis. In the period January to August, Saudi crude oil accounted for 29.9% of total South Korean crude imports, loc
The share of Saudi crude in South Korea’s oil imports dipped below 30% for the first time since 2021, as the resource-poor G7 economy moved to diversify supplies amid the Middle East crisis. In the period January to August, Saudi crude oil accounted for 29.9% of total South Korean crude imports, local news agency Yonhap reported on Monday, citing data from Korea National Oil Corp. and the Korea Petroleum Association. Saudi Arabia has remained South Korea’s top crude oil supplier despite the slump in its share of total imports, which…
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