Global downturn will narrow 2009-10 margins, utilizations for Asia-Pacific.

The article discusses the developments in the global oil industry. It claims that the subprime crisis in the U.S. has affected the oil industry in the Asia-Pacific region and other sectors. It cites the bad timing of the start-up of the refinery of Reliance Petroleum Ltd. (RPL) as the window for export opportunity to the U.S. and Europe is closing. The situations in such countries as India, China and Australia are also examined.