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Profit margins of Asian refineries fell nearly zero

 Last Update: 2021-06-10
 Source: Internet
 Author: User

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Recently, Bloomberg News quoted the latest trend in Singapore’s comprehensive refining profit margins, saying that due to the return of the new crown pneumonia epidemic in Asia, the profit margins of Asian refining companies have fallen sharply, from $1.

However, the report pointed out that since then, profits have begun to improve and are expected to continue to strengthen, especially in the second half of the year.

Market participants say that older refineries in Asia and the Middle East are particularly at risk of permanent closure due to unprofitable or uncompetitive operations.

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