SINGAPORE: Rallying oil refining margins have ground to a halt in Asia. Currently at a 2015 low, they could drop another 20-30% this quarter, led by declining profits in diesel as supply from the Middle East adds to a global glut.
SINGAPORE: Rallying oil refining margins have ground to a halt in Asia. Currently at a 2015 low, they could drop another 20-30% this quarter, led by declining profits in diesel as supply from the Middle East adds to a global glut.