South Korea Confirms Stable Crude Oil Supply Through September, July-August Volumes at 110% of Year-Ago Levels

According to a statement from South Korea's Ministry of Trade, Industry and Energy on July 21, the country's crude oil supply remains stable despite escalating geopolitical tensions in the Middle East. The ministry confirmed that secured spot crude supplies for July and August reached 110% of year-ago levels, with September allocations at 90% of the prior year, indicating no supply concerns through end of September.
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