Infographic: Asian oil refiners most exposed to Middle East supply disruptions


The latest Libyan oil disruption shows the situation in the remains volatile and Asian oil are wary of general escalation in the region. That’s because countries like China, , , and , as well as regions like Southeast , have some of the highest dependence on Middle Eastern crude.

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Most Asian countries have insufficient strategic to meet contingencies, and the removal of Iranian and Venezuelan supply due to US sanctions has imposed challenges for some refiners East of Suez. However, healthy supply, new crude suppliers, and weaker oil demand leave some breathing room for Asian refiners.

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Source: Platts


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