Singapore's refining margins in 2015 almost double: BP

Singapore

SINGAPORE's refinery output grew by over 10 per cent last year as profit margins almost doubled, according to latest statistics by BP.

And boosted by strong gasoline demand in the region, margins for refiners in the Republic defied seasonal trends to pick up in the fourth quarter of last year, even as those in the other refining hubs of Rotterdam and the US Gulf Coast fell.

The country's refinery throughput rose 12.7 per cent to 897,000 barrels a day, BP's annual statistical review of the global energy sector…