South Korea Aims to Cut Middle East Crude Reliance to 50% by 2035 - oilprice.com
Why now
Thesis: Korea's diversification trims Middle East crude reliance
Catalyst to watch: New supply deals or import data shifts
Main risk: Diversification slower than announced timeline
Why it matters
South Korea cutting Middle East crude reliance to 50% by 2035 signals structural demand diversification away from Gulf barrels, a long-term headwind to Middle East crude pricing.
Sources
- googlenews · news.google.com · 2026-09-23 06:29 UTC