The ‘Golden Age‘-20260714
摩根士丹利·2026-07-14 21:13

July 14, 2026 12:01 PM GMT Refiners | Asia Pacific The "Golden Age" Fuel markets have weathered three shocks in six years and emerged stronger each time. We see more legs to our bullish fuel refining cycle view. Asian refiners should enjoy a new higher mid-cycle - the market overestimates new capacity addition and underestimates disruption to existing capacity. Key Takeaways Go Refining! The Refining Golden Age we expected in 2018, has got stronger in the last six years. Fuel consumption has risen 1.4x fast ...

The ‘Golden Age‘-20260714 - Reportify