Worldwide on Shortwave radio, streaming and satellite
|Asian refiner profits hammered by free-fall in fuel oil margins|
Asian refining margins have tumbled more than 50% since mid-July on anticipation of plummeting demand for high sulfur fuel oil (HSFO) ahead of a shift to cleaner marine fuels next year. Complex refining margins for a typical Singapore refinery, an Asian benchmark, had dropped to $4.31 a barrel by the close of markets on Thursday, down from $7.
Posted: 2019-08-24 20:07:00
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