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Asian Refiners Set to Face Lower Runs on Weak Margins

REFINING

Asian refiners have been reducing runs due to a sustained low margin environment as they slumped this week to a seasonal low since 2020 according to Energy Aspects Director of Research Amrita Sen.

  • "Asia has been cutting runs since May, 400,000-500,000 barrels per day, including China," Sen said.
  • "We've already included 300,000 bpd of run cuts for Q4 potentially another 100,000 based on where the margins are today," Sen added.
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