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Market Chatter: Singapore's Aster Shifts Crude Buying to Americas, Africa as Gulf Supplies Disrupted

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Aster Chemicals and Energy has turned to crude suppliers in the Americas and Africa as Middle East disruptions cut into its usual Gulf supplies, Reuters reported Thursday, citing Han Lih Kwong, senior general manager at Aster.

Aster previously sourced 70% of its crude from the Middle East but has shifted to West Africa, Latin America, the US and Canada, Kwong said at the APPEC conference.

Aster operates a 237,000-barrel-per-day refinery on Singapore's Bukom Island through a joint venture between Indonesia's Chandra Asri and Glencore.

Aster Chemicals and Energy did not immediately reply to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Oil & Energy

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