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Asia seeks more U.S. oil as supply priorities shift

Last updated: March 24, 2026 | Reading Time: 2 minutes
Asian allies are looking to the U.S. for secure oil and gas supplies during the Iran war, Interior Secretary Doug Burgum said.

Asian buyers are showing stronger interest in U.S. crude as governments and energy companies look to broaden supply options beyond the Middle East. According to CNBC, U.S. Interior Secretary Doug Burgum said countries in the region are seeking more dependable long-term energy arrangements as recent disruptions underscore the value of diversified sourcing. Burgum’s comments followed energy discussions in Tokyo, where Asia-Pacific partners also announced major agreements with U.S. companies tied to broader energy and infrastructure cooperation.

The shift reflects how important Middle Eastern barrels remain for Asia, even as importers look for added flexibility. Reuters recently reported that Asia imported about 14.74 million barrels per day of Middle Eastern crude in 2025, or nearly 60% of the region’s total crude purchases, with Japan and South Korea especially reliant on those supplies. That backdrop helps explain why additional U.S. barrels are drawing attention: they can offer another source of supply support when shipping routes or regional production face pressure. For investors, the development points to continued demand for export capacity, trade relationships, and upstream output that can serve international markets. Related Ranger coverage on market conditions includes oil prices and supply trends and Strait of Hormuz shipping costs.

Source: CNBC
Read the full original article here
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DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
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Link to: U.S. natural gas production sets new record in 2025 Link to: U.S. natural gas production sets new record in 2025 U.S. natural gas production sets new record in 2025U.S. natural gas output hit a record 118.5 Bcf/day in 2025, led by growth in Permian, Appalachia and Haynesville. Link to: U.S. energy chief urges more oil output as Iran war lifts prices Link to: U.S. energy chief urges more oil output as Iran war lifts prices US Energy Sec. Chris Wright told energy executives at the CERAWeek that higher crude prices signals producers to increase supply.U.S. energy chief urges more oil output as Iran war lifts prices
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