CNA explains: A look at why Asian refiners have limited options to diversify
Asia is bearing the brunt of the shock to global oil supplies because it depends heavily on the Middle East. Around 60 per cent of its oil comes from the region. So are there alternatives for Asia? While US President Donald Trump has suggested buying oil from the US, switching is not that simple. Correction 0:39 The highlighted route actually depicts a broader shipping path across the Arabian Sea, not the Strait of Hormuz.
Asia is bearing the brunt of the shock to global oil supplies because it depends heavily on the Middle East. Around 60 per cent of its oil comes from the region. So are there alternatives for Asia? While US President Donald Trump has suggested buying oil from the US, switching is not that simple. Correction 0:39 The highlighted route actually depicts a broader shipping path across the Arabian Sea, not the Strait of Hormuz.
Popular Shows
