Thailand reduced its dependence on Mideast Gulf crude in the first 10 months of this year as refiners diversified their supply sources.
Thailand imported 405,000 b/d of Mideast Gulf crude in October, down from 415,000 b/d in September but marginally up from 396,000 b/d in October 2019, according to data from the country's energy department. Mideast Gulf crude contributed 51pc of Thailand's total imports in October, compared with 55pc in September and 66pc in October 2019.
Crude from Asia-Pacific made up 10pc of Thailand's total imports in October, compared with 14pc in October last year, while the proportion of imports from other regions rose to 39pc from 20pc in the same comparison.
Mideast Gulf crude accounted for 55pc of Thailand's total imports in January-October, a fall from 60pc in the same period last year and 61pc in January-October 2018.
Asia-Pacific crude contributed 13pc of Thailand's total imports in January-October, slightly down from 15pc in the same period last year. The share of crude from other regions increased to 33pc from 26pc over the period.
The energy department data do not indicate from which other regions Thailand imported its crude. But the country has been buying from west Africa, the US and Azerbaijan, among other suppliers.
Thailand's crude imports from west Africa increased in October, with arrivals from Angola more than tripling to 107,000 b/d from 33,000 b/d in September, according to Vortexa data. Crude imports from Nigeria increased to 30,000 b/d from 21,000 b/d in the same comparison, while Thailand also bought 34,000 b/d of Azeri crude in October after a three-month hiatus. Thailand did not import any crude from Angola, Nigeria or Azerbaijan in October 2019.
Imports of crude from the US were 9,000 b/d in October, up from zero in September but down from about 37,000 b/d in October last year, the Vortexa data show.
Thailand's crude imports from the UAE rose to 194,000 b/d in October, up by 30pc from September and higher by around 14pc from October last year, according to Vortexa. Imports from Saudi Arabia were 173,000 b/d in October, down by 2pc from September but up by 25pc from October last year. Imports of Qatari crude plunged to just 14,000 b/d in October, falls of 70pc from September and 79pc from October last year. Thailand did not purchase any Kuwaiti crude in October after taking 10,000 b/d in September.
Thailand's total crude imports rose to 827,000 b/d in October, up by nearly 11pc from September and higher by 38.4pc from October 2019, the energy department data showed. Thailand's crude imports in September were the lowest since May.
October imports rose in line with higher refinery runs, which increased by 4.37pc from September. Thai refiners processed about 960,000 b/d of crude in October, or 78pc of the country's total refining capacity.
Thailand's domestic crude production fell to 112,000 b/d in October, down by 4.3pc from September and lower by 13.7pc from a year earlier.

