As major Northeast Asian refineries continue to slash their run rates and crude throughput levels in the wake of the coronavirus outbreak, various crude suppliers from West Africa, Far East Russia, and the Americas look poised to sweeten their offers in the Asian market. Asia has been grappling with plunging fuel demand since the coronavirus epidemic in China in late-January, with construction, manufacturing and transportation activities seen coming to a halt across major regional economies. China’s road transportation turnover fell 44.1% on the year to 1.12 billion people in January on a one-person per 100 km/day basis, the Ministry of Transportation data posted on its official WeChat platform […]