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S.Korea's S-Oil expects regional refining margins to correct downward in Q3

S.Korea's S-Oil expects regional refining margins to correct downward in Q3

Reuters · 07/27/2022 20:15
S.Korea's S-Oil expects regional refining margins to correct downward in Q3

- South Korea's S-Oil Corp SOOCY said on Thursday that regional refining margins will correct downward in the third quarter but stay higher than previous cycles supported by the tight global refining situation.

The refiner said it plans to carry out maintenance for its No. 1 residue fluidized catalytic cracker (RFCC) in the second half of this year.

S-Oil's largest shareholder is Saudi Aramco 2222.SE.


(Reporting by Jihoon Lee; Editing by Christian Schmollinger)

((jihoon.lee@thomsonreuters.com;))