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REFINERY NEWS ROUNDUP: Run rates on the rise in Asia-Pacific | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: Run rates on the rise in Asia-Pacific | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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REFINERY NEWS ROUNDUP: More closures likely in Asia-Pacific | Hellenic Shipping News Worldwide


REFINERY NEWS ROUNDUP: More closures likely in Asia-Pacific
After two refineries in Australia have announced plans to close, Ampol, formally known as Caltex Australia, said it will complete the comprehensive review of its Lytton refinery by the end of H1 2021, which would provide an indication on the refinery’s future.
The company has said previously that “the review will consider all options for the facility’s operations and for the connected supply chains and markets it serves.”
Meanwhile refineries in India have ramped up runs but are still running below pre-pandemic levels.
India’s Reliance Industries Ltd recorded a combined run of 96% at its two refineries at Jamnagar in January, down from 99% a year earlier, oil ministry officials said, confirming that the complex was still to attain pre-pandemic levels. For the first 10 months of the current fiscal year combined runs stood at 89.5%, compared with 101% in the April-January period the previous fiscal ....

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REFINERY NEWS ROUNDUP: Maintenance and closures in focus in Asia-Pacific | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: Maintenance and closures in focus in Asia-Pacific | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Asia Distillates-Jet fuel cracks post biggest weekly gain in 2 months


Asia Distillates-Jet fuel cracks post biggest weekly gain in 2 months
2/5/2021
Asian refining margins for jet fuel increased, posting their biggest weekly gain in two months, while cash discounts for the aviation fuel narrowed amid limited supplies. The regional jet fuel market is expected to pick up further strength gradually as countries ease travel restrictions in coming months, although the usual seasonal boost during the Lunar New Year holidays would mostly remain dampened this year, trade sources said.
Refining margins, or cracks, for jet fuel rose to $4.43 per barrel over Dubai crude during Asian trading hours, the strongest since Jan. 18. The cracks have gained 25.5% this week, the steepest weekly rise since Dec. 4. Our forecast is for traffic to return to half of 2019 levels in 2021, Alexandre de Juniac, director general and chief executive of the International Air Transport Association (IATA) said in a statement this week. But the proliferation of restri ....

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