S-Oil expects winter demand to support refining margins at solid level (updated)

S-Oil

30/10/2023 24:01

(Adds details)
       SEOUL, Oct 30 (Reuters) - South Korea's S-Oil 010950.KS,
whose main shareholder is Saudi Aramco  2222.SE , on Monday said
regional refining margins are projected to remain solid thanks
to winter demand, given low global inventories and limited
supply potential. 
    Over the July-September period, the refiner said it operated
the crude distillation units at its 669,000-barrel-per-day (bpd)
refinery in the southeastern city of Ulsan at 90.8% of capacity,
up from 88.4% percent in the first half of this year. 

 (Reporting by Heekyong Yang and Joyce Lee; Editing by Tom
Hogue)
 ((Heekyong.Yang@thomsonreuters.com;))