SEOUL, Nov. 10 (Korea Bizwire) — South Korean oil refiners, led by SK Innovation Co., delivered strong earnings for the third quarter of the year on the back of good refining margins and solid demand for key products, their filings showed on Friday. SK Innovation Co., the top oil refiner, reported an 87 percent rise [...]
SEOUL, Oct. 26 (Korea Bizwire) — Exports of oil and related goods by South Korean refiners reached an all-time high in the first nine months of the year on firm demand and higher oil prices, industry data showed Thursday. According to the data compiled by the Korea Petroleum Association, oil and petrochemical goods exported by [...]
SEOUL, Aug. 20 (Korea Bizwire) — A key measure of oil refining companies’ profitability has risen in recent months due to rising crude prices, raising speculation that South Korean refiners’ third-quarter earnings will improve sharply, industry sources said Sunday. The benchmark Singapore complex gross refining margin (GRM) hovers around US$8 per barrel this month, up [...]
SEOUL, March 8 (Korea Bizwire) – Widening paraxylene (PX) spreads stemming from firm demand and reduced supply are expected to help South Korean oil refineries rack up decent earnings this year following last year’s stellar performance, industry sources said Tuesday. According to the sources, PX spreads stood at US$414 per ton last month, hovering above the [...]