Asian refiners craft contingency plans amid Red Sea crisis: SP GCI
New Delhi [India], January 19 (ANI): The ongoing Red Sea crisis has prompted Asian refiners to reassess their oil policies and develop alternative plans to secure steady feedstock flows.
While immediate impacts on near-term oil supplies appear limited, the situation has refiners contemplating alternative routes to ensure uninterrupted feedstock supply, potentially leading to increased insurance costs and squeezed refining