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Marina Schwarz

China about to Drown Asia in Diesel

Marina Schwarz in Oil (General)

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Marina Schwarz    + 1,576

Marina Schwarz

China is panting under a major glut of oil products that it is planning to dump on the regional market. That's a problem for other refiners, I gather, because of high oil prices that are already undermining their margins. What I don't seem to be able to grasp is why is China also predicting a rise in crude oil demand this year if it has a glut of products. I mean, crude is not exactly widely used in its unrefined form, is it?

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