Oil Refiners Go From Profit Pain to Gain as Ship-Fuel Rules Near

Bloomberg Quint | Aug 19, 2019 at 7:10 AM
  • The imminent overhaul of global ship-fuel regulations is finally delivering a long-awaited benefit to Asian oil refiners.
  • In Singapore, diesel crack spreads are forecast to average $17.60 a barrel during the second half of the year, compared with $13.40 during the first six months, according to Goldman, provided the global economy doesn’t fall into recession and crimp demand.
  • Diesel cracks are forecast to improve further to about $19 in 2020.