⁍ South Korea’s S-Oil Corp said that refining margins are expected to improve in the fourth quarter.
⁍ The country’s third-largest refiner, whose main shareholder is Saudi Aramco, reported an operating loss of $8.25 million for the third quarter.
⁍ The company also said it operated its 669,000 barrels-per-day CDUs in the southeastern city of Ulsan at 90.7% of capacity on average in the July-September period.
– South Korea’s S-Oil reported an operating loss of $8.8 billion for the third quarter, compared with a profit of 231 billion won a year earlier but improving from a 164 billion won loss in the second quarter due to gradual demand recovery, Reuters reports. The company also said it operated its 669,000 barrels-per-day CDUs in the second quarter at 90.7% of capacity.
Source: https://www.reuters.com/article/s-results-int/s-oil-expects-fourth-quarter-refining-margins-to-improve-on-demand-for-winter-season-idUSKBN27D025