Refinery, anxiety factor this year, exports to China and the United States increase zoom "

[Korea's financial standing hyomun newspaper reporter] There are elements of instability refinery industry this year, China's oil product exports' and 'improving US gasoline enlargement', including Dubai crude oil prices rise ranks.

Songminjun Korea Investors researchers analyzed the 14 days' oil refining, robust earnings sustainability and potential risks "webcasting seminars in the" medium-term risk is expanding exports oil prices and China's oil products recorded the last decline of this year, domestic refineries " .

He points to the end of last year, citing the oil producing countries and OPEC production cuts agreed in the yihaengryul more than the 90% predicted a greater likelihood of last year, down from the Middle East crude oil prices to rise this year. This is cited as a factor reducing the refining margins of domestic refineries.

Song researchers "only a possibility a number of international oil prices to rise high, this one being the price upward pressure extended to the Middle East crude oil relative" and "the large production cuts agreed upon, rise factors in the case of Dubai significant oil producer and OPEC, which demand potential can affect the large Asian market, "he said.

In the case of China's oil product exports cited as the biggest variable in the domestic refining industry. Last year, preceded by a large margin petroleum products rise in capacity utilization it is the situation that is expected to increase exports by Chinese oil companies.

Song researchers noted that "despite capacity expansion, restrictions, exports of Chinese oil companies this year, domestic oil refining biggest variable in the industry," said, "Although we can not predict the policies of the next government, will you watch the export trend."

The heavy burden of raising gasoline States also pointed out that risk. The United States has a disability, to expand gasoline production due to low demand for expanded oil reserves to increase the amount of the highest levels ever. Here Donald Trump explained that the US administration has a viscosity that is seeking to expand its production of gasoline fueling it.

Researchers Song "eopge refinery demand in the US and inventory and trend variables," said said: "This is also an important element for monitoring the Year."





Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com