Gasoline cracks in Asia rose to a five-week high on Thursday on the back of tight prompt supplies and firm demand from two of its largest importers-Indonesia and Vietnam, as per Reuters. But the firm sentiment may soften as Formosa readies to restart its 540,000 bpd refinery, shut since end-July following a fire at a secondary unit, which tightened supplies.
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Wednesday, August 17, 2011
Cracks in Asia at 5 week highs, Formosa to restart 540,000 bpd refinery
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