Asia forecast to need 1.2 million b/d additional crude in 2022 Dependence of leading Asian oil buyers on Libyan crude flows relatively small Thailand one of the most prominent buyers of Libyan crude in Asia Libya’s oil production woes may not dramatically alter Asia’s crude buying plans due to the region’s relatively low dependence on those supplies, but refiners are bracing for some price impact and supply squeeze as traditional customers of the North African OPEC producer scramble for cargoes from elsewhere. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The latest production and export hurdles in Libya — where the biggest oil field Sharara has been shut and force majeure has been declared at the Zueitina oil port — adds to concerns of Asian oil buyers who have been vocal that OPEC+ production increases have fallen short of expectations. With oil demand in […]