Asian countries continue to build up their crude and oil product inventories for fear the US-Iraq war could intensify over the next few months and eventually destabilise the Middle East, the source of 80% of Asia’s oil needs. In addition, Asia must contend with the volatile domestic politics of key producers like Nigeria and Venezuela…
Asian countries continue oil stock-up to prepare for long war (SGX Column)
Posted on April 1, 2003 by EnergyAsia