
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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