Geopolitics is showing up in fuel costs, trade flows, insurance and compliance. Companies in Asia are adjusting sourcing, hedging and operations as uncertainty around Venezuelan crude and sanctions feeds into refiner margins,.
On Industry Insight, Lynlee Foo speaks to Jaime Brito, Executive Director, Refining and Oil Products, OPIS to find out how this impacts Singapore’s energy trade, and what sort of higher risk premiums can we expect across Asia.