Asian refinery activity boosts oil derivatives trading

Fuelling activity

Oil barrels

Asia’s rising economic fortunes have been greatly lubricated by the flow of thick, sticky crude oil. In December 2012, China imported an average of 6.12 million barrels per day (bpd), overtaking the US as the world’s biggest importer of crude, according to the US Energy Information Administration. Now, the continent’s insatiable demand for crude oil and its resulting products is helping to foster an increase in the volume of derivatives trading activity in the region – with local refiners gettin

To continue reading...