South Korea's Middle East Crude Oil Imports Fall 37.3% in April, Saudi Supply Drops to 2.14M Tons

According to data from Korea International Trade Association released by Jin10 on May 24, South Korea's total crude oil imports in April reached 8.46 million tons, down 22.8% year-over-year. Middle Eastern crude accounted for 4.49 million tons, falling 37.3% compared to the same period last year and declining to 53.1% of total imports from 65.2% previously.

Saudi Arabia, South Korea's largest crude oil supplier, delivered 2.14 million tons in April, down 37.6% year-over-year.