New Delhi, March 18 -- The ongoing disruption in global energy markets due to tensions in West Asia could lead to a more severe crisis in refined petroleum products than crude oil, according to a report by PL Capital.

The report highlighted that while crude oil production can be restarted relatively quickly, disruptions in refining capacity can cause prolonged shortages of refined products.

It stated, "While crude production can be restarted relatively quickly in Middle Eastern fields, refinery outages, infrastructure damage, and logistical constraints will likely cause a prolonged shortage of refined products"

It noted that the global oil market is currently facing a rapidly intensifying supply disruption, with an estimated supply gap...