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Refiners Struggle to Stay Afloat As Asia Drowns in Gasoline

stander
stander
in Oil, Gas and Energy News

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SINGAPORE, May 13 (Reuters) - Asia's refined product markets are being swamped by a wave of gasoline as a long-lasting crude oil glut spills into the one fuel market refiners had hoped would save them, ruining margins and dragging down share prices across the region.


Singapore's benchmark gasoline margins - long the bright spot for Asia's oil processors amid rock-bottom profits earned on diesel, jet and shipping fuel - have more than halved since the beginning of 2016, when they were near at least a seven-year high for first-quarter values. <GL92-SIN-CRK


http://www.downstreamtoday.com/news/article.aspx?a_id=52155


So when will it cost me even less to fill my car tank?

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