The Inversion Investor

The Inversion Investor

Asia’s Refining Trap is a Choice: Middle East Lock-In Across the Region

Peter Pham's avatar
Peter Pham
Mar 16, 2026
∙ Paid

Many Asian countries, despite producing some domestic crude or planning new capacity, have locked themselves into heavy reliance on Middle Eastern oil through joint ventures, refinery configurations optimized for sour/heavy Gulf crudes, and long-term supply deals.

  1. This creates a deliberate but risky arbitrage: export higher-value local light/sweet crude …

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