Asian Buyers Can’t Get Enough Of U.S. Sweet Crude Oil

OilPrice.com | Nov 19, 2021 at 2:30 PM
  • Sweet crude grades from the U.S. Gulf Coast have seen increased interest from Asian buyers in recent weeks, as many refiners in the world’s largest oil-importing region are purchasing more of the sweeter crude varieties, energy analytics firm Vortexa says.
  • Asian refiners are looking for more crude of the sweeter variety as high energy costs are making sour crude processing more expensive.
  • Asia is set to receive 3.7 million barrels per day (bpd) of sweet crude this month, up from 3.1 million bpd in October.