Column: Asia’s collapsing refinery margins undermine bullish crude case

LAUNCESTON, Australia, April 18 (Reuters) – There is an increasing disconnect between the forecasts for strong global oil demand growth this year, led by Asia, and the reality of weakening margins for refined fuels. The profit from turning a barrel of Dubai crude into refined products at a typical Singapore refinery dropped to $2.53 a … Read more

Leave a Comment