Refiners Face Double Whammy of Low Demand, Plunging Crude Prices

SEOUL, March 9 (Korea Bizwire) — South Korean oil refiners are facing a double whammy of sluggish demand and tumbling international crude prices that will make a big dent in their first-quarter earnings, industry sources said Monday. Since the coronavirus outbreak, local refineries have been struggling to cope with falling refining margins and weaker demand [...]