OEF Rapid Review Articles
One feature of crude oil and products pricing is the tug-of-war between long-term structural drivers and short-term factors, a scenario being played out in Asian fuel markets. Profit margins for both gasoline and diesel traded in Singapore have staged strong rallies in the past three months. The main factor behind this has been a tightening of the market, with seasonal maintenance at refineries across the region. This short-term factor has influenced pricing, and it appears to be outweighing the longer-term structural driver of steadily rising Chinese fuel exports.
LINK TO THE SOURCE ARTICLE:
Asian Fuel Margins Strong Despite Flood Of Products From China
LINK TO THE SOURCE ARTICLE:
Asian Fuel Margins Strong Despite Flood Of Products From China