South Korea Covid-19 Relapse Triggers Downward Revisions For South Korea's Downstream Sector

摘要

South Korea continues to struggle to stem domestic outbreaks of Covid-19. The prolonged struggles against Covid-19 has triggered further downward revisions for our 2020 refning and fuel demand growth forecasts for South Korea. This adds to an already bearish long-term outlook for fuel demand in the South Korean downstream.