PODCAST: China private teapot refiners’ fuel oil imports likely to increase

SINGAPORE (ICIS)–In this podcast, Nurluqman Suratman speaks with ICIS analysts Patricia Tao and Jean Zhou about the recent developments in China’s fuel oil markets.

– Private teapot refiners importing more fuel oil to obtain higher refining margins and to plug supply gap of cutback bitumen
– Shandong private teapot refiners’ fuel oil imports expected to increase this year
– Teapot refiners’ fuel oil import growth to be capped due to desulphurisation costs