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Commodities

Thai Crude Imports Plunge 20% on Middle East Supply Disruptions

Guavy AI Editorial Team
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Oil
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Thailand's crude imports plummeted by 20% in June to 967,000 barrels per day (bpd), compared to both May and the same period last year. This significant decline is attributed to supply disruptions from the Middle East.

The reduction in imports reflects a decrease in global demand for oil due to ongoing economic challenges and trade tensions. As a result, refineries are adjusting their production levels to match the reduced crude intake.

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