21 Dec 2021

JBC in the Media - Nasdaq

"India and China will be key to gasoil demand in 2022," said Richard Gorry, managing director at JBC Energy Asia. JBC expects gasoil cracks to average $11.40 in the first half of next year.

"I think we have to remember that refining in the longer term has more than a pandemic problem, it also has an overcapacity problem, which will serve as a cap on margins once we hit a more normal demand environment," Gorry said.