Oil Market Braced For Glut as Asian Refiners Look Further Afield For Crude

By Yongchang Chin, Alex Longley, and Christopher Charleston Asian oil refiners have been hunting for crude from further afield than their usual suppliers in the Middle East, but this more diversified strategy isn’t stirring a market that’s bracing for a glut. The region that consumes around 40% of the world’s oil normally subsists on a … Read more