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Profits on producing gasoil, jet fuel soar in Asia as demand outpaces supply

Reuters  |  SINGAPORE 

By Jessica JaganathanSINGAPORE (Reuters) - Profits on churning out barrels of gasoil and jet fuel in Asia could keep climbing after marking their highest in nearly two years this month, boosted as demand outpaces supply hit by a string of refinery outages both internationally and in the region.Royal Dutch Shell shut its Pernis refinery in Rotterdam, the largest in Europe, in late July following a fire, while Hurricane Harvey curtailed refining production on the U.S. Gulf Coast.Along with refinery outages in Asia, that helped push the profit-margin on producing gasoil, used in heating and as a ...

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First Published: Tue, September 12 2017. 12:28 IST