Asian refiners' profits slump as mild weather exacerbates oil products glut
Florence Tan & Jessica Jaganathan, Reuters
December 06, 2018
Who was cited:
Sri Paravaikkarasu, Director of Asia Oil and Head of East of Suez Oil Service FGE
Oil refiners’ profits in Asia have slumped to the lowest in more than four years after refineries ramped up output in the fourth quarter and churned out excess fuel in anticipation of stronger demand during winter.