HEAVY ASIAN DEMAND
PLATTS - Asian demand for oil products will outweigh current and upcoming refinery capacity by 2025, Tushar Tarun Bansal, Director at McKinsey, told attendees at S&P Global Platts annual Middle Distillates Conference in Antwerp Thursday.
In particular, China and India were singled out as two of the largest consumers that will move from a current oil product balances to an oil product deficit by 2025.
In China, demand continues to rise, and refining capacity will be incapable of…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.