Gasoline glut to persist in Asia-Pacific region through 2010

Growing worldwide demand for lighter and cleaner petroleum products will be met through refining capacity increases in the rapid-growth areas of Asia-Pacific, South America, and the Middle East.Despite continued increases in world demand for refined products, however, the Asian financial crisis has diminished demand in the region, which has resulted in an excess of gasoline production capacity that is expected to continue through the next decade (see chart). These were among the findings of a recent study by SRI International unit SRI Consulting, Menlo Park, Calif. Click here to enlarge image"The rapid refining expansion in Asia-Pacific will ease that region's reliance on imports in ...

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