Amid a very weak environment and an important maintenance, Saras has managed to extract a $1.4/bbl premium (net of maintenance cost) above the poor EMC benchmark, raising some optimism on the refiner’s ability to deliver an average premium of $2.4-2.8/bbl this year. IMO 2020 expectations remain high but the current distortion in crude quality weighs heavily on the refiner’s results.
14 May 2019
Q1: poor environment and scheduled maintenance
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Q1: poor environment and scheduled maintenance
SARAS S.p.A. - Raffinerie Sarde (S7A:FRA) | 0 0 0.4% | Mkt Cap: 1,544m
- Published:
14 May 2019 -
Author:
Kevin VO -
Pages:
3
Amid a very weak environment and an important maintenance, Saras has managed to extract a $1.4/bbl premium (net of maintenance cost) above the poor EMC benchmark, raising some optimism on the refiner’s ability to deliver an average premium of $2.4-2.8/bbl this year. IMO 2020 expectations remain high but the current distortion in crude quality weighs heavily on the refiner’s results.