October 23, 2019 / 12:41 AM / 23 days ago

S.Korea's S-Oil expects Q4 refining margins to improve on inventory build-up ahead of IMO

SEOUL, Oct 23 (Reuters) - S-Oil, South Korea’s third-largest refiner, said on Wednesday that refining margins are expected to improve in the fourth quarter on the back of inventory build-up ahead of implementation of stricter rules on marine fuels in 2020.

“Refining margins will strengthen from the fourth quarter, driven by inventory build-up demand for compliant fuels in advance of IMO 2020,” the refiner, whose top shareholder is Saudi Aramco, said in an earnings statement.

Reporting By Jane Chung; Editing by Tom Hogue

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below