Refining margins across Asia fell this week to their lowest level for this time of year since 2020, which could lead to more curbs in run rates at Asian refiners, including in China.As fuel supplies are growing after demand peaked for the summer, margins are now at their lowest in four years, analysts and industry sources told Reuters on Friday.
The refining margins in the regional hub Singapore plunged by 68% for the first week of September compared to the first week of August, per data from LSEG cited by Reuters. As a result of slumping…Asia’s Refining Margins Plunge to 2020 Low as Peak Summer Demand Ends
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