Soaring Refining Margin Bodes Well for Oil Firms

SEOUL, Feb. 8 (Korea Bizwire) — South Korean oil refiners’ key profitability measure has been rising sharply this year on a global economic recovery, boding well for their earnings, industry sources said Tuesday. The benchmark Singapore complex gross refining margin (GRM) stood at US$7.5 per barrel for the first week of this month, up sharply [...]