The
refiner also estimated losses of 830 billion rupees on the sale of diesel, kerosene and cooking gas for the current financial year.
Asked whether it was resorting to run cuts, a spokesperson for Europe's biggest
refiner Total said only, "Total fully adapts its refining tool to market conditions."
Saudi Aramco also owns a 63.41 percent stake in the country's No.3
refiner S-Oil.
The average utilization rate of
refiners was 104.4percent in January, compared with 100percent in December, and 114.6percent in January 2018.
SINGAPORE (Reuters) - Top Philippine oil
refiner Petron Corp.
The profession of refining and polishing gold is so tough and harmful to health that it becomes hard for workers to continue their work after becoming forty years old,' observed Amanullah, a
refiner.
has become the first independent Chinese
refiner to trade Oman Crude oil futures on the Dubai Mercantile Exchange, the leading east of Suez energy exchange.
"In terms of an impact on our inventories, cheaper oil price is a minus as it will lead to appraisal losses," said Yasushi Kimura, head of the Petroleum Association of Japan and chairman of Japan's biggest
refiner JX Holdings.
SK Energy, the nation's largest
refiner, which has never won the bid, saw its market share decline to 28.3 percent at end-April, down from 29.8 percent in 2013 and 32.4 percent in 2012.
Tate & Lyle Sugars has launched its third legal challenge against the European Commission, demanding total compensation worth 198 million and the annulment of recent decisions, which they say have harmed consumers, food manufacturers and cane sugar
refiners. The latest complaint - submitted in tandem with Portuguese
refiner Sidul Acucares, Unipessoal, to the EU Court of Justice in Luxembourg - alleges that Commission action earlier this year to increase cane sugar imports only led to an "upward spiral in EU sugar prices".
Summary: India's largest Iranian oil buyer plans almost to halve daily imports, industry sources said on Monday, becoming the latest Asian
refiner to cut supplies from Iran as Western sanctions make trade with OPEC's second-largest producer difficult.
According to the credit rating agency's estimates, imported oil costs could rise 0.3 to 0.5 per cent for top
refiner SK Innovation and 0.4 to 0.9 per cent for Hyundai Oil Bank, the fourth-largest
refiner, if the South Korean government bans imports from Iran.
Libya also plans to sell similar volumes to Chinese
refiners, awarding a "good share" to Unipec, the trading arm of China's refining giant Sinopec, and to
refiner Petrochina, the NOC source said.
