Buyers that have grown reliant on term crude from the Mideast are now turning more to the spot market and seeking alternatives, delegates heard at Appec this week.

The war makes it harder and often less economical for producers to export products than crude, highlighting the strategic value of downstream assets located outside the region.

Buyers that have grown reliant on term crude from the Mideast are now turning more to the spot market and seeking alternatives, delegates heard at Appec this week.