Higher global LPG availability in 2015, on the back of strong supply growth, has certainly filtered through to flows to Asia in the short-term.

David Wech

Categorized in : Energy

Since 2009, every year has seen a new all-time high in Asia's LPG deficit due to strong LPG demand growth.

As independent refineries in China have increased access to crude, this positively affects their run rates. In turn every additional barrel in the already oversupplied middle-distillates market has a negative effect on the gasoil margins.