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Asian refiners enjoyed healthy margins in 2015 as low oil prices led to lower outright product prices, stimulating demand. 2016 should be another good year for Asian refiners as demand growth outpaces capacity growth in Asia. Demand growth continues to remain robust with gasoline driving that growth yet again. Anticipated higher levels of refinery maintenance and expected continuation of crude price discounts should lend support to the margins in 2016.
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Asia Pacific oil product markets: 2015 in review & what to look for in 2016 PDF - 282.63 KB 8 Pages, 0 Tables, 3 Figures
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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Insight | Feb 2016
Asia Pacific oil product markets: 2015 in review & what to look for in 2016
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