Asian oil refiners have become significant players in the global market for liquid fuels, thanks to investments in large, modern facilities. But they are facing growing pressure from a previously unlikely region—the U.S. Refiners in the U.S. have gained access to relatively inexpensive domestic shale oil and Canadian crude, which is giving them a competitive edge in the export market for fuels such as gasoline and diesel. Rivals in Asia started feeling the pressure when tankers leaving U.S. ports started unloading cargo in Europe and South America. Now the U.S. companies are starting to venture into Asia. BP BP.LN -0.36% BP PLC U.K.: London GBp 486.29 -1.76 -0.36% Jan. 2, 2014 11:31 am Volume : 4.34M P/E Ratio 6.00 Market Cap GBp90.97 Billion Dividend Yield 4.77% Rev. per Employee GBp2,864,460 01/01/14 Asian Refiners Get Squeezed by… 12/26/13 For Big Oil, Asset-Sale Option… 12/24/13 Judge Rejects BP Bid to Exclud… […]