Asian refiners weigh impact on crude flows from geopolitical developments

Asian refiners weigh impact on crude flows from geopolitical developments

From Oil Markets by S&P Global Commodity Insights

February 26, 2026 · 20 min

About this episode

The episode discusses the impact of geopolitical developments on crude oil flows affecting Asian refiners, particularly focusing on Russian and Venezuelan crude.

The outlook for Russian and Venezuelan crude flows, as well as geopolitical developments in Iran, are keeping Asian refiners on edge. Indian refineries have valued heavy Venezuelan crudes in their mix in the past, but will be looking out for signals of stable oil flows from the country. Meanwhile, the country's imports of Russian crude have decreased as sanctions have intensified. In this episode of Platts Oil Markets Podcast, Sambit Mohanty , Asia Energy Editor, Benjamin Tang , head of liquid bulk at S&P Global Commodities at Sea, and Pulkit Agarwal , Head of Content for India, discuss these market developments and more.

People in this episode

Host: Sambit Mohanty

Guests: Benjamin Tang, Pulkit Agarwal

Topics covered

  • crude oil flows
  • geopolitical developments
  • Asian refiners
  • Russian crude
  • Venezuelan crude
  • sanctions
  • market outlook

Keywords

  • crude oil
  • Asian refiners
  • geopolitics
  • sanctions
  • Venezuelan crude
  • Russian crude
  • oil market

Mentioned in this episode

Organizations: S&P Global Commodity Insights

Places: India, Venezuela, Russia, Iran

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