Asian refiners assess logistics costs on edgy geopolitics, fret less over supply risks

Highlights

Refiners play down Iran-Israel conflict impact on supply, trade flows
Expensive tanker insurance costs may eat into refining margins
East Asia’s Q1 Middle East crude imports slip, US intake rises

Asian refiners were assessing the impact of higher freight and maritime insurance fees in the wake of escalating tensions in the Middle East, and not overly worried about crude supply security, industry sources said April 19.

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Source: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/041924-asian-refiners-assess-logistics-costs-on-edgy-geopolitics-fret-less-over-supply-risks