ASIA REFINING
·
SUBSCRIBERS
Asian refinery sector faces continued margin squeeze
However, Singapore's status as major hub remains intact, say analysts
Add BT as a preferred source
Published Tue, Mar 30, 2021 · 09:50 PM
Singapore
THE Asian refining market continues to have an uphill battle ahead, with high crude prices compressing margins while demand continues to languish amid renewed lockdowns and spotty vaccination drives.
Even as some analysts say the worst is over, all are in agreement that Singapore's status as a major refining hub remains intact, thanks to its deep integration with petrochemicals and a supportive ecosystem.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
