Thailand’s crude imports rise to eleven-month high in February

Oil

Thailand’s crude oil imports increased by 20K b/d m-o-m and 140K b/d y-o-y to 1.11M b/d in February, rising for the fourth consecutive month to the highest level since last March, according to customs data. Shipments from the Middle East rose by 50K b/d m-o-m to 730K b/d, while arrivals from Asia also increased by 20K b/d m-o-m to 190K b/d, the highest since June 2021.