Free Trial

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)

Keep reading...Show less
67 words

To read the full story

Close

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.

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)

Keep reading...Show less