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2014 – Another bleak year for refining margins ?


2014 – Another bleak year for refining margins ?

Report summary

In 2013, Asian demand growth which has a significant influence over global demand grew at its slowest pace in the last 5 years, due largely to a slowdown in China.  However, Asia is set to benefit from a positive outlook forecast for the advanced OECD economies in 2014. From a supply perspective, Asia and Middle East will add new refining capacity in 2014.  This coupled with higher refinery runs in the US is expected to lower the prospects for European refining.

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Description

This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

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