S-Oil expects Q4 refining margins to continue uptrend as COVID-19 restrictions ease

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SEOUL : South Korea's S-Oil Corp said on Thursday that Asia's refining margins are expected to continue their uptrend in the fourth quarter as demand grows ahead of winter season and COVID-19 restrictions ease.A recent steep hike in natural gas prices will boost demand for refined oil as an alternative en

SEOUL : South Korea's S-Oil Corp said on Thursday that Asia's refining margins are expected to continue their uptrend in the fourth quarter as demand grows ahead of winter season and COVID-19 restrictions ease.

Operating income in the third quarter at its oil refining business was 185.5 billion won from revenue of 5.2 trillion won.

 

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