Venezuela upheaval, Iran uprising to reshape Asian crude flows and strengthen tanker demand
- Chinese teapot refineries would need to diversify from Venezuela as US takes over barrels, with Russia and Iran touted as alternatives
- More Canadian crude oil could flow into China and the rest of Asia
- A Western-led regime change in Iran may see more unsanctioned barrels, adding more tonne-miles for tankers
Price-sensitive refineries face the highest risk as discounted barrels could elude Asia with the next wave of change
