APPEC: Asian oil market growing numb to geopolitics as demand, margins eclipse supply woes

Geopolitical issues no longer sharply influence oil prices and trade flows in Asia amid ample supply options, industry participants at the Asia Pacific Petroleum Conference said, while cautioning that fragile demand and tepid margins may dictate the market trend in the short term. Regardless of geopolitical conflicts involving Russia, Ukraine, Iran and Israel, on top of numerous international sanctions, there…Geopolitical issues no longer sharply influence oil prices and trade flows in Asia amid ample supply options, industry participants at the Asia Pacific Petroleum Conference said, while cautioning that fragile demand and tepid margins may dictate the market trend in the short term. Regardless of geopolitical conflicts involving Russia, Ukraine, Iran and Israel, on top of numerous international sanctions, there…Read More