Citgo posts first profit in seven quarters as higher fuel exports helped offset weak margins

Citgo posts first profit in seven quarters as higher fuel exports helped offset weak margins
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18.08.2021

MOSCOW (MRC) -- Citgo Petroleum reported a slim, second-quarter profit, its first in seven quarters, as higher fuel exports helped offset weak margins and the impact of a fuel pipeline shutdown, reported Reuters.Earnings at the US refining arm of Venezuela's state oil company Petroleos de Venezuela have been under pressure since it lost access to Venezuelan oil due to US sanctions. Citgo

Full article at mrcplast.com

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