S-Oil expects Q3 regional refining margin to stay supported

S-Oil

25/07/2025 05:19

SEOUL, July 25 (Reuters) - South Korea's S-Oil 010950.KS, whose main shareholder is Saudi Aramco 2222.SE, said on Friday third-quarter regional refining margins are expected to stay supported, led by a seasonal demand uplift from driving and the peak travel season.

Over the April-June period, the refiner said it operated the crude distillation units (CDUs) at its 669,000 barrels-per-day (bpd) oil refinery in the southeastern city of Ulsan at 95% of capacity, compared to 94% during the first quarter.

S-Oil said in an earnings presentation that it plans to shut its No.1 RFCC unit in the fourth quarter of this year for scheduled maintenance.

 (Reporting by Joyce Lee
Editing by Ed Davies)

 ((joyce.lee@tr.com;))