Aster Buys Non-Middle East Crude
Singapore refiner Aster Chemicals and Energy is replacing Middle Eastern crude with supplies from the Americas and Africa following export disruptions caused by the Iran war. The company pivoted away from its traditional Gulf suppliers to source oil from the US, Canada, Latin America, and West Africa.
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Aster Chemicals and Energy has shifted crude imports to the Americas and Africa, replacing Middle Eastern supply following the Iran war. The refiner previously sourced 70% of its crude from the Middle East before regional disruptions hit Gulf exports. The adjustment alters trade flows for Singapore's refining sector as firms secure alternative barrels.
