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Free AccessAsian Refiners Have Capacity to Increase Runs
Asian refiners have more capacity than the West to increase refinery runs according to S&P Global.
- Asia is expected to add 1mbpd to net CDU capacity over 2019-2022 while North America, Europe and Africa are seeing a contraction during the same period.
- Weak domestic demand in China and limited export quotas are likely to limit refining growth.
- Asian refiners are expecting changing crude flows as Europe withdraws from Russian supplies but remain focused on Middle East supply with long term sour crude contracts.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.