Geopolitical turbulence prompts Asia to rethink its oil strategy

<p class="xmsonormal">Oil market volatility amid the conflict in the Middle East has started to ring alarm bells for Asian refiners. Hamas' surprise attack on Israel has fanned worries of a long-drawn period of geopolitical turbulence at a time when global oil markets are already been facing a squeeze in supplies, while demand continues to grow. This has rekindled the debate on oil crossing the $100/b threshold again. </p> <p class="xmsonormal">S&P Global Commodity Insights' Asia energy editor <strong>Sambit Mohanty</strong> speaks with <strong>Kang Wu</strong>, head of global demand and Asia analytics, and <strong>Daniel</strong> <strong>Colover</strong>, head of market engagement for the Middle East, on how some of the recent geopolitical developments, including the removal of sanctions on Venezuela, could potentially affect Asian oil markets.</p>