As Asian crude import mix evolves, how relevant are OPEC’s cuts still?

<p style="margin: 0in; line-height: 11.65pt; background: white;"> <span style="font-size: 12pt;"><span style= "font-family: Calibri, sans-serif; color: rgb(36, 36, 36); border: 1pt none windowtext; padding: 0in;"> OPEC’s kingpin Saudi Arabia has slashed its crude output by a further 1 million b/d in July, bringing the alliance’s total cuts to 4.7 million b/d in the month, or about 5% of global capacity. But with Asia’s crude import mix evolving since the Russia-Ukraine conflict, </span><span style= "font-family: Calibri, sans-serif; color: rgb(36, 36, 36);">S&P Global Commodity Insights’ Asia Oil Editor <span class= "markzqxuw2r6k"><span style= "border: none windowtext 1.0pt; mso-border-alt: none windowtext 0in; padding: 0in;"><span style="color: inherit;" data-markjs="true" data-ogac="" data-ogab="" data-ogsc="" data-ogsb="">Neo</span></span></span> Rong Wei spoke with Asia Oil News Managing Editor Philip Vahn and China Analyst Oceana Zhou about the impacts of these cuts, as well as factors affecting Asia’s crude demand.</span></span></p> <p style="margin: 0in; line-height: 11.65pt; background: white;"> <span style= "font-size: 12pt; font-family: Calibri, sans-serif; color: rgb(36, 36, 36);">  </span></p> <p style="margin: 0in; line-height: 11.65pt; background: white;"> <span style="font-size: 12pt;"><strong>We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: <a href= "https://www.surveylegend.com/s/4xyz" target="_blank" rel= "noopener">https://www.surveylegend.com/s/4xyz</a></strong></span></p> <p><span style="font-size: 12pt;"><strong>Related Platts price assessments: </strong></span><br /> <span style="font-size: 12pt;"><a href= "https://platform.platts.spglobal.com/web/client?auth=inherit#platts/priceProfile?symbol=AAYEE00"> AAYEE00 - FOB Singapore 92 RON Gasoline crack spread vs M2 Dubai Swap </a></span><br /> <span style="font-size: 12pt;"><a href= "https://platform.platts.spglobal.com/web/client?auth=inherit#platts/priceP