Aside from supply tightness resulting from the war in Ukraine and the ensuing US and EU ban on Russian oil, refining capacity is another reason for brent crude prices above USD110. We explore why refiners are not expanding their capacity and what does sustainability mean for valuations with Horace Chan, Senior Analyst, Bloomberg Intelligence.

Image Credit: Shutterstock

Produced by: Shazana Mokhtar

Presented by: Shazana Mokhtar, Wong Shou Ning

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Tags:  oil refineries,  crude oil,  brent crude,  operational capacity,  petrol price,  sustainability,  Consumer Goods/Services,  Commodities, Agribusiness,  Industrial Goods/Services,  Economy, Markets,  markets,  government