Asia well prepared as Crude Outputs to be Reduced by OPEC

Asia seems to be adequately prepared for the era of reduced production of crude that the OPEC is bringing along itself.

According to an agreement signed on Friday, by Russia, OPEC and allies, the collective output to be slashed by 503,000 b/d to 1.7 million b/d over Jan-March. KSA to voluntarily cut it down further by 400,000 b/d.

The latest cuts in the output lead by OPEC will, however, help the refiners in Asia to have di....