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Asia's surging fuel exports depress refining industry profits

Updated : February 22, 2019 01:38 PM IST

Since 2006, the Asia-Pacific has been the world's biggest oil consuming region, led by traditional industrial users South Korea and Japan along with rising economic powerhouses China and India.
Yet overbuilding of refineries and currently sluggish demand growth have caused a jump in fuel exports from these demand hubs.
Asia's surging fuel exports depress refining industry profits

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