South Korea refiners look to gain on strong 2022 products cracks, but cautious on 2023 margins

South Korean refiners are expected to report stellar 2022 earnings when they release financial results in February, helped by strong oil products cracks and export margins last year. However, the global economic slowdown and a possible increase in Chinese supply would likely compel the industry to err on the side of caution in 2023. Limited Chinese exports and trade hurdles…