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Latest Analysis / Short-term Global Oil Service

Asian Oil Weekly - Gasoil No Longer Supports Struggling Refiners, But Recovery in Sight

Published: 15 May, 2020

Highlights:

  • CRUDE: Crude prices gained on signs of demand recovery amid easing lockdown measures. China’s crude imports rose to 9.8 mmb/d in April against market expectations. 
  • NAPHTHA: Ethylene margins received temporary support from a tight China market, though the strength will be short-lived. ...

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