2019 is definitely a tricky year with a sharp rebound in refining margins this quarter. The latest developments in the global markets (e.g. drone attacks, surge in freight rates) seem to be positive for the Mediterranean refiner and partly offset the lack of momentum in heavy-sweet crude differentials. The short-term outlook is positive with management hinting this could be sustained in Q4.
31 Oct 2019
Q3: strong margin dwarfs H1 results
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Q3: strong margin dwarfs H1 results
SARAS S.p.A. - Raffinerie Sarde (S7A:FRA) | 0 0 0.4% | Mkt Cap: 1,544m
- Published:
31 Oct 2019 -
Author:
Kevin VO -
Pages:
3
2019 is definitely a tricky year with a sharp rebound in refining margins this quarter. The latest developments in the global markets (e.g. drone attacks, surge in freight rates) seem to be positive for the Mediterranean refiner and partly offset the lack of momentum in heavy-sweet crude differentials. The short-term outlook is positive with management hinting this could be sustained in Q4.