Middle East suppliers accounted for just 62.1% of Korea’s February crude imports, the lowest figure in data stretching back to the mid-1990s. In absolute terms the 1.65mn b/d that Korea took from the region was just above the multi-decade low of 1.54mn b/d set last November.

Korea’s overall imports remain subdued: February’s 2.66mn b/d was up 6% month-on-month (MEES, 12 February), but down 14% on a year earlier. (CONTINUED - 127 WORDS)