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Asia's refiners face profit crunch | The Daily Star

Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the Opec producer cuts exports by nearly a fifth to feed its huge new refinery, which is driving up prices for other sour crudes and likely to squeeze profit margins. ....

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Analysis-Asia's refiners face profit crunch as Kuwait cuts crude exports

Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports by nearly a fifth to feed its huge new refinery, which is driving up prices for other sour crudes and likely to squeeze profit margins. Lower Kuwaiti exports follow cuts from OPEC kingpin Saudi Arabia that have pushed Brent prices close to $90 a barrel and left little wriggle room for Asia's refiners, reliant on the Middle East for more than two-thirds of crude imports. Chinese refiners, which have invested heavily in new plants designed to process sour oil, are especially exposed. ....

Al Wustáu , South Korea , United Arab Emirates , Nghi Son , Qu Ng Nam , Republic Of , Saudi Arabia , James Forbes , Muyu Xu , Sonali Paul , Al Zour , Janiv Shah , Florence Tan , Sun Jianan , Rystad Energy , Kuwait Petroleum Corp , Energy Aspects , Taiwan Formosa Petrochemical Corp , Middle East , Petroleum Corp , Yulong Petrochemical , Basra Medium , Crude Oil , Crude Exports , Energy Aspects , Light Supply ,

Analysis-Asia's Refiners Face Profit Crunch as Kuwait Cuts Crude Exports

Analysis-Asia's Refiners Face Profit Crunch as Kuwait Cuts Crude Exports
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

Saudi Arabia , Republic Of , United Arab Emirates , Al Wustáu , Kuwait General , South Korea , Nghi Son , Qu Ng Nam , James Forbes , Janiv Shah , Sun Jianan , Sonali Paul , Muyu Xu , Al Zour , Florence Tan , Kuwait Petroleum Corp , Oil Tanker At Ahmadi North Pier , Kuwait Oil Tanker , Rystad Energy , Energy Aspects , Taiwan Formosa Petrochemical Corp , Ahmadi North Pier , Middle East , Petroleum Corp , Yulong Petrochemical , Basra Medium ,

Asia's refiners face profit crunch as Kuwait cuts crude exports

Asian refiners are on the
hunt for crude oil to replace Kuwaiti supply as the OPEC
producer cuts exports by nearly a fifth to feed its huge new
refinery, which is driving up prices for other sour. ....

United Arab Emirates , South Korea , Saudi Arabia , Al Wustáu , Republic Of , Nghi Son , Qu Ng Nam , Florence Tan , Muyu Xu , Sun Jianan , Sonali Paul , James Forbes , Janiv Shah , Al Zour , Taiwan Formosa Petrochemical Corp , Energy Aspects , Kuwait Petroleum Corp , Rystad Energy , Middle East , Petroleum Corp , Yulong Petrochemical , Basra Medium ,

ANALYSIS-Asia's refiners face profit crunch as Kuwait cuts crude exports

ANALYSIS-Asia's refiners face profit crunch as Kuwait cuts crude exports
nasdaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nasdaq.com Daily Mail and Mail on Sunday newspapers.

Republic Of , United Arab Emirates , Nghi Son , Qu Ng Nam , Saudi Arabia , Al Wustáu , South Korea , Muyu Xu , Al Zour , Florence Tan , Sun Jianan , Sonali Paul , James Forbes , Janiv Shah , Taiwan Formosa Petrochemical Corp , Kuwait Petroleum Corp , Rystad Energy , Energy Aspects , Nasdaq Inc , Middle East , Petroleum Corp , Yulong Petrochemical , Basra Medium ,