VOL. XLV
No 26
1-July-2002
SUPPLY/DEMAND
Weak Margins Key ToAsia-Pacific Refining Outlook, Says FACTS
TheAsia-Pacific regions recent expansion of refining capacity has outpaced growthin demand, leading to a weakness in refining margins which is not expected toimprove for three years, according to FACTS Inc, Honolulu. In its Energy Briefs report Asia-Pacific Refining:State of the Business and its Impact on Regional Product Balances,published last month, FACTS says: We foresee a recovery starting...
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