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OIL: WAF-Asia flows Hit 14-Month High in Nov: Bloomberg

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WAF’s oil exports to Asia this month are set to reach their strongest level since Sep. 2023, driven by stronger loadings to India, Bloomberg said.

  • Around 1.67m b/d is set to load, up from a revised 1.5m b/d in October.
  • The 12-month average is 1.5m b/d.
  • Shipments to China are to hold steady art 984k b/d in November, ahead of the 12-month average of 923k b/d.
  • Shipments to India are up to 357k b/d, compared to 186k b/d.
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WAF’s oil exports to Asia this month are set to reach their strongest level since Sep. 2023, driven by stronger loadings to India, Bloomberg said.

  • Around 1.67m b/d is set to load, up from a revised 1.5m b/d in October.
  • The 12-month average is 1.5m b/d.
  • Shipments to China are to hold steady art 984k b/d in November, ahead of the 12-month average of 923k b/d.
  • Shipments to India are up to 357k b/d, compared to 186k b/d.