Lower Asian refinery run rates take toll on August sweet crude price differentials

摘要

Singapore-Price differentials for various Asian sweet crude grades fell across the board for the August trading cycle, weighed down by greater supply this month and weak demand as major regional refiners cut run rates amid poor refining margins. The weakness was seen across light to heavy sweet crudes in Asia, with price differentials for some grades falling by up to $3/b month on month.