12 min listen
Asian refiners react to pandemic as crude glut soars | Episode 4
FromArgus Media
ratings:
Length:
8 minutes
Released:
Mar 20, 2020
Format:
Podcast episode
Description
Asia-Pacific refiners are preparing to scale down operations to confront a collapse in global fuel demand. As storage fills up, they will have to reduce the amount of crude they process, but not at the expense of competitive feedstocks from the Middle East. Soaring freight rates are rendering long-haul crude shipments from the Atlantic basin too expensive to Asia-Pacific, so it is North Sea, US and Latin American grades that face the biggest challenge, while west African cargoes and short-haul Russian supplies may remain competitive.
Host: Alejandro Barbajosa, Argus VP, crude & LPG - Middle East & Asia-Pacific.
Host: Alejandro Barbajosa, Argus VP, crude & LPG - Middle East & Asia-Pacific.
Released:
Mar 20, 2020
Format:
Podcast episode
Titles in the series (100)
Cushing: The heart of US crude is still beatin’: Crude is rushing past Cushing on its way to the coast, but the traditional price setting center of the US oil industry is likely to maintain its role for years to come. The Nymex futures contract for light sweet crude oil delivering at Cushing is str... by Argus Media