In Asia, traders have long recognised that fuel oil has shown far greater strength than other products over the 1990s. According to a recent report by Hawaii-based consultants FACTS, the total fuel oil output from Asian refineries has dropped 22% from 1995 to 2002 at the same time that demand has fallen by only 9%…
MARKETS: Reduced supply leads to firmer fuel oil prices
Posted on December 13, 2002 by EnergyAsia