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Implied Asian Refinery Runs Expected to Slip on Q2 Maintenance

REFINING

As Northeast Asia’s refinery maintenance ramps up this quarter, the regions implied refinery runs are expected to fall according to Vortexa.

  • It expects Indian and Southeast Asian runs to remain robust amid limited maintenance.
  • Asia’s crude stock draws have slowed but levels remain well below historical averages while Europe’s have started building in recent weeks.
  • (implied refinery runs = imports – exports - crude inventory change)

Source: Vortexa

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