Recovering gasoline refining margins in Asia-Pacific are expected to cut Chinese fuel oil production, which will help relieve high inventory levels at major bunkering hubs in China, according to market sources, reports Argus Media.
Chinese Fuel Oil RateChinese refiners boosted fuel oil output during January-February when fuel oil refining margins — as measured by fuel oil’s crack spread, or the difference between first-month fuel oil cargo paper values and front-month Dubai crude prices at...
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