Asian refiner profits hammered by free-fall in fuel oil margins
Roslan Khasawneh, Koustav Samanta - Reuters
August 23, 2019
Who was cited:
Sri Paravaikkarasu, Director for Asia Oil
Asian refining margins have tumbled more than 50% since mid-July on anticipation of plummeting demand for high sulfur fuel oil (HSFO) ahead of a shift to cleaner marine fuels next year.