Saudi crude share of S. Korea imports falls below 30% for first time in 5 years

Saudi Arabia's share of South Korea's crude imports dropped below 30% for the first time in five years, reflecting Seoul's ongoing diversification of supply sources. The shift likely stems from competitive pricing and increased purchases from other producers such as the US and Russia. This marks a notable change in a key Asian buyer's sourcing pattern, with implications for OPEC+ market share dynamics.