FACTS: Asia-Pacific products demand to keep growing

11/14/2005
Asia-Pacific regional demand for petroleum products will continue to grow while supply, despite plans for additional refining capacity, struggles to keep pace, said Fesharaki Associates Consulting & Technical Services Inc. (FACTS) in an October report.However, expected refining-capacity additions in the Middle East will put pressure on product prices and hence margins in the region, FACTS analysts reported. They said, “2005 is expected to be a good year for refiners, but margins will decline slightly from the aberration of 2004 and continue to weaken as new capacities from China and India come on stream to depress product prices, while crude prices continue to rise.”The no...
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