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 margin stood at $1.3 per barrel.
• Meritz Securities estimated this year's refining margin at $6.6 per barrel.

South Korea....