*South Korea, the world’s number four crude importer after China, the US and India, imported 2.73mn b/d for 2023, down 3% year on year and 300,000 b/d below the record 3.03mn b/d set in 2017.

*Saudi Arabia remained clear number one supplier with 955,000 b/d for a 35% market share despite volumes falling 4% versus 2022’s record 995,000 b/d (MEES, 20 January 2023). (CONTINUED - 140 WORDS)