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UPDATE: Petroplus Potential Refinery Run Cuts May Boost Asian Margins

  • Petroplus owns five European refineries with 667,000 B/D combined capacity
  • Shutdown of European capacity to boost Asian gasoil exports, may cut naphtha inflows
  • Asian oil products to strengthen, crude may weaken, improving refining margins
  • (Adds traders' comments on refineries' background in paragraphs 8 to 12)
  • Margins for Asian refiners could improve next month if European refiner Petroplus Holdings AG (PPHN.EB) is forced to shut or sharply cut runs at some of its plants due to a credit crunch, industry participants said recently.
  • Petroplus, which owns five refineries in Europe with a combined capacity of 667,000 ...

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