Thai Oil Refiner Makes Rare Purchase of North Sea Forties Crude

A Thai oil refiner made a rare purchase of North Sea Forties crude from Trafigura Group as Asian processors scramble to find alternatives to Middle Eastern supplies stuck in the Persian Gulf.

Trafigura sold one cargo of about 700,000 barrels for late March loading, a trader with knowledge of the matter said, asking not to be identified as they’re not authorized to speak to the media. It’s the first time a Thai company has bought North Sea crude since at least 2019, when Bloomberg started tracking the data.