Demand will continue to grow. We will continue to see refining closures and capacity additions will start to wind down. So, despite all the doom and gloom that you might have heard elsewhere, we actually think that the refining industry will be supported," said Qilin Tam, head of refining at FGE NexantECA.' [...] FGE NexantECA urged refineries to "find ways to upgrade fuel oil into lighter products like petchem feedstocks." "Asia Pacific attracts every surplus barrel in the world in terms of LPG, which mainly comes from North America, the Middle East, and naphtha continues to come from almost every other region to Asia," said Iman Nasseri from FGE NexantECA.
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