Venezuelan oil is back in the headlines — but Jaime Brito, Executive Director for Refining and Oil Products at OPIS (part of Chemical Market Analytics by Dow Jones) explains why politics alone won’t move markets.

On Industry Insight, Jaime cuts through speculation to unpack the hard realities of oil markets — from refinery design and heavy-crude economics to trade flows and logistics. A clear-eyed look at what Venezuelan crude really means for Asia, and why Singapore’s role as a global energy and maritime hub is shaped more by infrastructure and timing than headlines.