Asian refiners back OPEC+ cut but fret over regional oil demand on weak macroeconomics

 In In the News
Refiners across East Asia have been supportive of the latest OPEC+ decision to cut production to some extent as the move aimed to inject some stability to the sharp downtrend in benchmark crude prices seen in March, but middle distillate marketers are concerned that a new price uptrend would be detrimental to regional oil demand amid Asia’s fragile consumer confidence…