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The UAE (effectively Abu Dhabi) cemented its position as top crude supplier to Thailand in 2018. Average volumes of 361,000 b/d were up 14.5% on 2017 though still down on 2013’s record 444,000 b/d.
Of Thailand’s record 1.12mn b/d crude imports, almost 1/3 (32.2%) came from the UAE, up from 30.2% for 2017. For December Thailand took 448,000 b/d from the UAE, the highest since September 2016 (see chart 1 and p22 for full data).
The relationship is key in the other direction as well. Thailand’s 361,000 b/d of 2018 imports, made it the UAE’s number two client, well behind Japan but ahead of much larger consumers India and China (see chart 2). (CONTINUED - 886 WORDS)
DATA INSIDE THIS ARTICLE
|chart||1: Thailand Crude Imports ('000 B/D): UAE Dominant With 32% Of Total Volumes But Mideast Share Falling Amid Record Buying From USA & Africa|
|chart||2: UAE Crude Sales To Key Asian Buyers ('000 B/D)|