Asian refineries are largely configured to process medium and heavy sour crude from the Persian Gulf, making those barrels difficult to replace. U.S. light sweet crude and other grades cannot easily substitute without operational adjustments. As shipments through the Strait of Hormuz slow, refiners across Asia face tighter supplies of the specific crude types their facilities are built to run.
Of the 21 demographic groups the RCM/TIPP Economic Optimism Index tracks each month, 20 declined in April. The one that didn't barely moved. As Middle East tensions mount, the data captures something rare: a nation united. In anxiety.
Of the 21 demographic groups the RCM/TIPP Economic Optimism Index tracks each month, 20 declined in April. The one that didn't barely moved. As Middle East tensions mount, the data captures something rare: a nation united. In anxiety.
