APPEC: Asian refiners need flexible fuel output, trading strategies amid prolonged demand uncertainty

S&P Global Platts | Sep 14, 2020 at 5:08 AM
  • As Asian refiners continue to fret over volatile refining margins and fragile oil demand recovery during the coronavirus pandemic, they must adopt a flexible approach to shift their oil product slate and output volumes to best serve the changing market conditions, industry participants said at the S&P Global Platts Asia Pacific Petroleum Virtual Conference in Singapore Sept. 14.
  • Keeping the regional oil product supply-demand in balance amid tepid consumer and industrial fuel demand, and the subsequent need for Asian refiners to appropriately manage fuel production and refining capacities, has emerged as one of the key discussion topics at the APPEC Virtual Conference.
  • Japan was a net importer of gasoline for the fourth consecutive month in July amid low refinery run rates, Platts reported previously.