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Growing Oil Glut Spurs Asian Refiners to Offer Cargoes to the US
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Growing Oil Glut Spurs Asian Refiners to Offer Cargoes to the US

Bloomberg Markets · Jun 30, 2026, 4:47 AM

Oil output from Persian Gulf nations is ramping up so quickly as the Strait of Hormuz reopens that Asian refiners, already adequately supplied, are pushing some crude to destinations as far afield as California.

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