Shift to tapping crude from shorter routes sends North Sea Brent oil higher
Refineries in Asia face profitability challenges mostly stemming from high transport costs. © Reuters
RIONA GOMI and HINAKO SATO
October 20, 2026 06:30 JST
TOKYO -- Oil refineries in Asia and Europe are struggling to make a profit despite higher fuel prices due to the surging costs of shipping crude oil.
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