Asian refining margins rebound - Refining NZ

Mon, 18 Mar 2019

By Gavin Evans March 19 (BusinessDesk) - Asia-Pacific refining margins remain volatile with Singapore gasoline margins gaining almost US$5 a barrel in the past two weeks, Refining NZ says. The company’s processing charges are based on the margins that operators of complex refineries in Singapore achieve relative to Dubai crude oil prices. Those margins turned negative in January and February – averaging -32 US cents a barrel for the two months – mostly due to weak gasoline demand. Refining NZ, which operates the Marsden Point refinery,...

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