Bloomberg | A War With North Korea Could Send Oil Prices Skyrocketing OilPrice.com Such a conflict would cripple North Asia's production and refining capacity, the consultancy said. Some 65 percent of Asia's crude oil refining capacity is located in China, Japan, and South Korea, so the effects of an open war would be far-reaching ... China's Oil Lifeline to North Korea Targeted After Nuclear Blast Workers abroad, oil seen as next step on North Korea sanctions It's time to stop oil exports to North Korea as sanctions, experts say |