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...