Refinery run cuts in China, Japan prompt crude suppliers to slash offers

摘要

Singapore-As major Northeast Asian refineries continue to slash run rates and crude throughput levels in the wake of the China coronavirus outbreak, various crude suppliers from Far East Russia and the Americas look poised to sweeten their offers in the Asian market. Asia has been grappling with plunging fuel demand since late- January, with construction, manufacturing and transportation activities coming to a halt across major regional economies amid the epidemic scare.