NewsSignals AI analysis·Reuters·Nov 2, 2026

Asia's crude oil imports back to pre-war levels but refined fuels lag: Russell

Grade Abullish AI signal$WTI$BRENT

Asia's crude oil imports recovered to nearly pre-war levels in October, but persistent shortages of refined fuels are keeping regional energy markets under pressure. Crude arrivals climbed to 26.39 million barrels per day, while light and middle distillate imports remained 10% below pre-conflict levels, with Singapore gasoil prices still 84% higher than before the war. Continued constraints on diesel and gasoline supplies could sustain elevated refined fuel prices and intensify pressure on Asian energy markets.

Bullish strength: 75/100

Singapore gasoil prices remain 84% above pre-war levels at $168.62 per barrel.
Singapore gasoline prices remain 61% above pre-war levels at $127.64 per barrel.
Asian imports of light and middle distillates remain 10% below pre-war averages.
Refined fuel supply constraints, particularly in diesel, continue to support elevated prices.

Bearish strength: 25/100

Asia's crude oil imports recovered to 26.39 million barrels per day, nearly matching pre-war levels.
Gasoil prices declined from their March record of $199.89 per barrel.
Gasoline prices declined from their March record of $151.60 per barrel.
Alternative suppliers outside the Middle East have increased refined fuel shipments to Asia.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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