You are here

PREMIUM

Record stockpiles eroding Asian refiners' profits

Singapore

AFTER relishing a cocktail of cheap crude mixed with profits from fuel sales, Asia's oil processors are facing their reckoning over a lack of restraint.

Profits from turning crude into fuel in Asia since the beginning of April have averaged almost a third lower than...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes