Asia's oil refiners are considering reducing output after margins slumped t...
Next month, Middle East producers led by top exporter Saudi Arabia are set to raise official selling prices for a fourth straight month to track stronger spot markets.
“Aromatics margins are getting worse so refiners will try to optimize as much as possible,” the person said, referring to profits for paraxylene, a petrochemical used to make textile and plastic bottles. Asia’s naphtha supply from the west had remained high despite lower demand caused by ongoing cracker maintenance, outages at plants in Taiwan and Japan and an extended shutdown at a naphtha cracker in South Korea.Still, margins may begin to improve.
Analysts also expect a mandate to switch to low-sulphur fuel for ships from 2020, under new international rules introduced to protect the environment, to tighten diesel supplies, which could boost refining margins.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bomb hits tourist bus near Egypt's Giza Pyramids, wounds 16CAIRO (AP) — Egyptian officials say a roadside bomb has hit a tourist bus near the Giza Pyramids. They say Sunday's blast wounded at least 16 people, including tourists. The officials...
Baca lebih lajut »
F-16 that crashed into building was armed with live ammo: OfficialLATEST: The F-16 fighter jet that crashed into a warehouse in Southern California was armed with live ammunition as part of its NORAD alert mission, defense official says.
Baca lebih lajut »
16 Pics Of Celebrity Couples Just Being Their Cute SelvesObsessed with each and every single one of these photos.
Baca lebih lajut »
The 16 best gifts for college graduates of 2019These gifts say so much more than cash.
Baca lebih lajut »