South Korean refiners wary of China’s oil product export quota usage amid fragile margins

South Korean refiners are generally content with a slight improvement in refining margin so far in the third quarter but China’s ample clean oil product export quotas and tepid regional economic activity pose a serious threat to the overall cracks and export margins, industry sources said Aug. 13-16. Asia-wide refiners hardly faced any crude supply security or feedstock procurement issues…South Korean refiners are generally content with a slight improvement in refining margin so far in the third quarter but China’s ample clean oil product export quotas and tepid regional economic activity pose a serious threat to the overall cracks and export margins, industry sources said Aug. 13-16. Asia-wide refiners hardly faced any crude supply security or feedstock procurement issues…Read More