Golden Age Of Refining Is Upon Us
Horace Chan, Senior Analyst, Bloomberg Intelligence
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Aside from supply tightness resulting from the war in Ukraine and the ensuing US and EU ban on Russian oil, refining capacity is another reason for brent crude prices above USD110. We explore why refiners are not expanding their capacity and what does sustainability mean for valuations with Horace Chan, Senior Analyst, Bloomberg Intelligence.
Image Credit: Shutterstock
Produced by: Shazana Mokhtar
Presented by: Shazana Mokhtar, Wong Shou Ning
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Categories: markets, government
Tags: oil refineries, crude oil, brent crude, operational capacity, petrol price, sustainability,