SEOUL, April 24 (Korea Bizwire) — The oil industry is currently experiencing a somber atmosphere due to falling refining margins, which are a significant indicator of profitability for refiners. This is in contrast to the record boom seen last year when strong refining margins and high oil prices led to reports of refiners preparing massive [...]
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 [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korean oil refiners’ key profitability measure has remained stuck in negative terrain for weeks, clouding their earnings outlook, industry sources said Tuesday. The benchmark Singapore complex gross refining margin (GRM) was estimated at minus US$0.30 per barrel for the first week of August, marking the fourth straight week [...]
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 [...]