Asian oil refiners are well placed to ship petroleum products to buyers in other regions, as renewed conflict in the Middle East and a ban on Russian diesel exports crimps supplies.
With fuel markets in Europe and the US already flashing signs of record tightness, Asian processors have inventories of products on hand to sell, as well as holdings of crude procured during an earlier lull in the fighting. That means they are in a good position to take advantage of healthy margins.
