KPLER estimates Asia's crude imports will rise to about 22.18 mln bpd in June
from 20.35 mln bpd in May, still below the pre‑Feb. 28 attack three‑month
average of 26.76 mln bpd. June volumes are well above April's eight‑year low of
18.77 mln bpd, when the Strait of Hormuz was effectively shut. KPLER said
refined‑product supply remains constrained and that restoration of roughly 20%
of pre‑conflict global flows through the Strait could bring additional oil to
Asia in July, a tightening is likely to be reflected in prices.
