APPEC: Asian refiners to embrace Middle Eastern sour crude regardless of price swings

Asian and Persian Gulf refineries will continue to depend heavily on Middle Eastern crude grades as their staple diet, regardless of price swings and changes in key benchmark spreads, because there’s a limit to how much light sweet US crude would be able to take up the refiners’ crude slate, industry executives and trading sources said at the Asia Pacific…Asian and Persian Gulf refineries will continue to depend heavily on Middle Eastern crude grades as their staple diet, regardless of price swings and changes in key benchmark spreads, because there’s a limit to how much light sweet US crude would be able to take up the refiners’ crude slate, industry executives and trading sources said at the Asia Pacific…  Read More