Asia’s red-hot fuel markets are cooling off as demand starts to ease while refiners keep processing rates high, dragging down the industry’s margins across the region.
Returns from processing petrol in Asia have sunk more than 60% from the record hit in June, while those for diesel have fallen about 25%, according to data compiled by Bloomberg. There may be further declines this quarter as refiners return from maintenance and new capacity comes online, boosting fuel supplies, the energy consultancy FGE has forecast.
