Asian gasoil margins improve as lockdowns ease, but challenges remain
Koustav Samanta, Reuters
June 30, 2020
Who was cited:
Sri Paravaikkarasu, Director of Asia Oil and Head of East of Suez Oil Service FGE
Asian refiners’ profits from gasoil have more than trebled from a record low seen in early May as demand recovers after sweeping lockdowns imposed to curb the COVID-19 pandemic, although refiners ramping up production after maintenance could cap gains, analysts said.