Go East: will oil majors find their fortunes in the Asian-Pacific retail markets?
Asia-Pacific is the home of the world's most important retail fuel growth markets. The size of the branded service station networks of the five largest oil companies together grew by more than 25% during the few years between 2016 and 2022. However, the heavily regulated nature of some essential markets prevents the region from showing its full potential to investors. Why is the region attractive to oil majors then?