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South Korea's crude imports increase y-o-y in April but Iranian demand falls

Oil

South Korea's crude oil import imports in April increased by 10.7% y-o-y to 10.5MT (or 2.57M b/d), Reuters reports, citing South Korean customs data. However, imports from Iran fell by 6.5% y-o-y to 517KT (or 126K b/d).