Declining demand and a weakening economy in China has meant that demand for oil products has declined. Refinery utilization rates have declined and the gross refinery margins (GRMs) are pulled down by the sluggish economy.
Major refineries like PetroChina Company Limited (ADR) (NYSE:PTR) (SHA:601857) and China Petroleum & Chemical Corp (ADR) (NYSE:SNP) (HKG:0386) (Sinopec) have been suffering the impact of declining margins. Throughout 2011 . . .
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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets.
She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.
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