Insight
6 refining and oil markets themes in Asia 2021
Report summary
In this insight, 6 themes of long-term oil markets will be covered: 1. Asia’s oil demand growth is expected to slow down by the 2030s and peaks in 2037, what is causing the turn and what does it mean for refiners? 2. Due to global refining overcapacity, refining margins will remain depressed and more closures are on the way. How will this impact the growth of refinery capacity and what can existing refiners do to survive and improve margins? 3 to 5. Asia faces a dilemma, how to meet its shortages of light distillates and find export markets for its surplus middle-distillates? 6. Biofuels have gained traction in Asia, but what will the outlook be for the future of biofuels?
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