Thailand’s crude oil imports from the Middle East fall to eleven-month low

Oil

Thailand’s crude oil imports from the Middle East decreased by 31K b/d m-o-m and 115K b/d y-o-y to 345K b/d in April, falling for the second month in a row to the lowest level since May 2020, according to data from Thailand’s customs department. Arrivals from the Middle East accounted for around 41% of Thailand’s total imports, which increased by 60K b/d m-o-m but fell by 261K b/d y-o-y to 834K b/d. Shipments from West Africa also decreased by 16K b/d m-o-m and 147 K b/d y-o-y to 48K b/d, the lowest level since November 2019. Imports from both the Mediterranean and Asia surged however, rising by 77K b/d m-o-m and 112K b/d y-o-y to 146K b/d and by 128K b/d m-o-m and 61K b/d y-o-y to 237K b/d respectively.