Some Asian refiners mull non-Red Sea routes to bring in North African, Mediterranean crude

A few Mediterranean and North African crude grades that regularly feed several East Asian refiners could take the Cape of Good Hope shipping lane for delivery instead of the regular Suez Canal route, with Thai, Indonesian and South Korean refiners looking to avoid Red Sea shipping risks and safely bring CPC Blend, El Sharara, Saharan Blend and Azeri Light crude… A few Mediterranean and North African crude grades that regularly feed several East Asian refiners could take the Cape of Good Hope shipping lane for delivery instead of the regular Suez Canal route, with Thai, Indonesian and South Korean refiners looking to avoid Red Sea shipping risks and safely bring CPC Blend, El Sharara, Saharan Blend and Azeri Light crude… Read More