Asian Refiners News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Asia demand for Saudi oil holds steady despite price cuts, Energy News, ET EnergyWorld

Price cuts would typically draw higher demand, but some of the multiple sources said refineries had already completed purchases for February-loading cargoes and planned their production runs, leaving little room to lift more Saudi oil.

Saudi arabiaSaudi oilRice cutsAsian refinersFebruary loadingChinese refinersIndian refineriesSaudi aramco

Asian refiners face diesel supply glut in 2024, Auto News, ET Auto

Asian Refiners: As a result, diesel prices are expected to fall, meaning Asia s refiners face a second consecutive year of sliding profit margins for the fuel used in cars, trucks and power generators. In 2022, average diesel profit margins soared to an all-time high of USD 45 a barrel, as supplies from top exporter Russia were disrupted and global inventories sank to a record low.

Asian refinersMiddle eastDiesel supplyInternational energy agency

OPEC+ Supply Cuts and Chinese Demand Outlook Could Lift Oil Prices

Oil prices rebounded on Monday on hopes of increased fuel demand during China's May Day holiday and planned supply cuts by the OPEC+ alliance. However, refining margins in Asia have weakened, curbing the region's appetite for Middle East oil supplies.

United statesSugandha sachdevaBob yawgerTexas intermediateMay dayKurdistan regional governmentMiddle eastOil pricesFuel demandBrent crudeTi crudeCovid 19Jet fuel demandSupply cutsRefining marginsAsian refiners

Asian refiners to raise gasoline output, cut diesel to ease oversupply

Asian refiners to raise gasoline output, cut diesel to ease oversupply
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United statesSerena huangTaiwan formosa petrochemical corpFormosa petrochemical corpAsian refinersAise gasoline outputCut dieselO ease oversupply

Saudi Aramco to supply full oil volumes to some Asian refiners in May: Report

Saudi Arabia, the world s top oil exporter, raised prices for the flagship Arab light crude it sells to Asia for a third month in May after the OPEC group planned to further reduce their production by 1.16 million barrels-per-day from May to the rest of the year

Saudi arabiaSaudi aramcoAsian refiners