.8 compared to $8 earlier. “We expect Asian refining demand-supply balance to be relatively stable in 2012-13 following large refinery closures. New supply from India in 2012 (~300 kbpd) will keep the Asian market well supplied,” analysts with Citi say in a report. According to Bank of America Merrill Lynch
4.41 PM May 13th 2012
a couple of days back: “Mothballing, capacity delays to lead refinery recovery and upcycle over medium term; Asian refiners key beneficiaries of higher cracks While the market focuses on weak 4QCY11 results of refiners, we believe the global refining cycle is now heading for recovery and upcycle during
3.49 PM Feb 9th 2012
those disappointed with GRM have seen nothing, this will continue with a drop in demand and new capacity coming on stream everywhere including in india. the bonanza years of asian refiners has come to an end and affect ril in coming qtrs. petchem margins have clearly proved counter-cyclical theory
10.43 AM Oct 17th 2011
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