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2018-02-02 12:20:00

HEAVY ASIAN DEMAND

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…

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Tags: ASIA, DEMAND, OIL, CHINA, INDIA
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