Sour Crude Market Tightens Further As Kuwait’s Exports Dip
Tsvetana Paraskova - OilPrice
August 18, 2023
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The market for sour crude in Asia is tightening as Kuwait is ramping up a large new refinery and cutting exports to divert supply to its new facility, adding to the ongoing cuts from major Middle Eastern producers in the OPEC+ group to further restrict heavy and medium sour crude supply.