Asian refiners profits slump as mild weather exacerbates oil products glut

Asian refiners profits slump as mild weather exacerbates oil products glut
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07.12.2018

MOSCOW (MRC) -- Oil refiners' profits in Asia have slumped to the lowest in more than four years after refineries ramped up output in the fourth quarter and churned out excess fuel in anticipation of stronger demand during winter, reported Reuters.Oil inventories are building as new refineries in China and Vietnam are running at full tilt, adding to Asia's supplies.Oil demand also slowed

Full article at mrcplast.com

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