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Asian refiner margins rise, glut concerns emerge

Refiners boost inventories, potentially ending a recent rally that has lifted crude prices from six-year lows

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Tumbling prices for crude oil, which is refined into products such as petrol and diesel, have improved margins for Asian refiners after years of low profits.

Singapore

A SHARP rise in Asian refiner margins has raised concerns of a build-up in crude and oil products in the next few months as refiners boost inventories, potentially ending a recent rally that has lifted crude prices from six-year lows.

A products glut would coincide with...

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