Search result for refiners
S. KOREAN OIL REFINERS HIT WITH LOW PROFIT MARGINS DUE TO PANDEMIC IN FY 2020
Highlights –
- S. Korean oil refiners hit with low profit margins due to pandemic in FY 2020.
- SK Innovation Co. and three other major oil refinery companies project a combined net loss.
- The benchmark Singapore complex gross refining mar...
SAUDI ARABIA MAY SUPPLY OIL TO ASIA AT LOWEST EVER PRICES SINCE 2012
Highlights:
• Major cuts in Saudi crude price for the second consecutive month indicate that Asia is swamped with supplies after the spreading virus led to run cuts at Chinese refineries.
• The top oil-exporting country is expected to make the deepes...
Refiners increase clean shipping fuel in accordance with IMO regulations
Global oil refiners have upgraded processing units and adjusted operations to increase the output of residual low-sulfur fuels and marine gas oil to prepare for more stringent shipping fuel standards kick-in Jan.1. The shipping industry consumes about 4 million barrels of marine bunker fuels per ...