Saudi crude oil's share of South Korea's imports falls below 30% for the first time in five years, while US crude oil maintains a share above 20%.
智通财经2026/10/05 03:06(1) According to data from Korea National Oil Corporation and Korea Petroleum Association, from January to August this year, Saudi crude oil accounted for 29.9% of Korea's total crude oil imports, falling below 30% for the first time in five years. (2) Affected by Middle East geopolitical risks, Korean refiners are working to diversify crude oil import sources, but Saudi Arabia remains Korea's largest crude oil supplier. (3) In the first eight months of this year, U.S. crude oil accounted for 20.12% of Korea's total crude oil imports; after exceeding 20% for the first time from January to April, this proportion has remained above 20%.
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