Italy's Saras cuts guidance on lower premiums, weak performance
08/11/2023 13:36
Nov 8 (Reuters) - Italian refiner Saras SRS.MI cut on
Wednesday its guidance on the annual average premium per barrel
due to production inefficiencies in one of its main sites and
weaker trends in high-sulfur fuel oil and crude oil premiums and
discounts.
The group now expects an annual average premium on EMC
reference margin in a range of $4-5 per barrel, compared to a
previous guidance of between $5-6 per barrel.
($1 = 0.9374 euros)
(Reporting by Enrico Sciacovelli, editing by Tomasz Janowski)
((Enrico.Sciacovelli@thomsonreuters.com; +48587720309;))