SINGAPORE (Feb 23): Malaysia's Pengerang Refining Company (Prefchem) has cut output at its refinery after it shut one of two gasoline-making units until April for repairs, sources familiar with the matter said. The refiner unexpectedly shut one of its two 70,000-barrels-per-day (bpd) residue fluid catalytic cracking units for repairs in early February, two of four sources said. Prefchem's 300,000bpd refinery located at Pengerang, Johor, is currently running at around 50% of its capacity, three of the sources added, down from around 60% last month. For March shipments, PETRONAS Trading Corp (Petco) started offering this week at least one spot diesel cargo loading in March, one of the sources said. Petco has not offered any low-sulphur straight-run fuel oil for February or March so far, traders have separately said.

Source: The Edge Markets February 24, 2026 08:26 UTC