As Iran's war disrupts oil supply in the Middle East and pushes refiners from various countries to compete for crude oil from other regions, Asian refiners have increased their procurement of Argentine crude oil. According to people familiar with the matter, refiners including Japan and South Korea have purchased Argentina's Medanito crude oil in recent weeks, and at least one shipment of these shipments was completed at the beginning of this month. Compared to other oil producers, the amount of Argentine crude oil flowing to Asia is minimal, but this interest highlights refiners' efforts to diversify supply sources and strengthen energy security.

As Iran's war disrupts oil supply in the Middle East and pushes refiners from various countries to compete for crude oil from other regions, Asian refiners have increased their procurement of Argentine crude oil. According to people familiar with the matter, refiners including Japan and South Korea have purchased Argentina's Medanito crude oil in recent weeks, and at least one shipment of these shipments was completed at the beginning of this month. Compared to other oil producers, the amount of Argentine crude oil flowing to Asia is minimal, but this interest highlights refiners' efforts to diversify supply sources and strengthen energy security.