Will 2020 Shipping Rules Boost Asian Refiners?

  • Asian refiners are languishing at the lowest seasonal level in more than a decade.
  • Diesel demand due to 2020 regulation is forecast to boost Asian refiners.
  • An increase by $3.50 to $4 a barrel is expected in 2020 for complex plants in Asia.
  • Hydrocracking margins for Asian refiners averaged $3.57 a barrel last month, the lowest level since June.
  • Profits from turning Dubai crude into diesel averaged $16.70 in October, near the highest since early 2014.

A surge in diesel demand next year...


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