# Asian Buyers Turn to U.S. Oil Amid Uncertain Flows From OPEC - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Asian refiners are considering more U.S. crude purchases as OPEC+ supply from Saudi Arabia and Iraq has been cut back under contract. Sharp swings in official selling prices and lower Pacific freight rates make U.S. barrels more attractive. About 49 million barrels of U.S. oil were scheduled to arrive in Asia the following month.

- Date: 2020-06-22 · published 2020-06-22T12:00:00.000Z
- Category: trade · region Asia · magnitude low
- Page: https://feedsoft.ai/events/52788-asian-buyers-turn-to-u-s-oil-amid-uncertain-flows-from-opec-energy-news-top
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising U.S. crude export flows to Asia support U.S. benchmark prices and shift trade patterns that feed buyers track for energy costs. Cheaper freight can also lower shipping costs for grain and feed cargoes.

## Read by commodity

- WTI: bullish ▲
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-09-19 | [Recent surge in WTI price curbs US oil flows to Europe, Asia \| Reuters](https://feedsoft.ai/events/34279-recent-surge-in-wti-price-curbs-us-oil-flows-to-europe-asia-reuters.md) | -2.0% | -5.3% |
| WTI | 2019-03-06 | [Boston Herald - Boston news, sports, politics, opinion, entertainment, weather and obituaries - Mosaic Comments on Phosphate Countervailing Duties Rulings](https://feedsoft.ai/events/60032-boston-herald-boston-news-sports-politics-opinion-entertainment-weather-and.md) | +0.6% | +10.6% |
| WTI | 2018-06-05 | [China reportedly offered to buy nearly $70 billion of US agriculture, energy products](https://feedsoft.ai/events/64397-china-reportedly-offered-to-buy-nearly-70-billion-of-us-agriculture-energy.md) | +2.1% | +14.1% |
| WTI | 2025-01-30 | [Mexican Peso dives as Trump tariffs comments boost US Dollar](https://feedsoft.ai/events/26724-mexican-peso-dives-as-trump-tariffs-comments-boost-us-dollar.md) | -2.1% | -3.2% |
| WTI | 2026-05-07 | [Record oil exports could drive U.S. diesel and gas supply shortages just as summer travel starts - MarketWatch](https://feedsoft.ai/events/19460-record-oil-exports-could-drive-u-s-diesel-and-gas-supply-shortages-just-as.md) | +6.0% | -2.0% |

## Sources

- energynow.com: https://energynow.com/2020/06/asian-buyers-turn-to-u-s-oil-amid-uncertain-flows-from-opec/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.