COVID-19 - News digest as of 17.07.2020
17.07.2020
1. Total refining margin sinks to six-year low as sales slump, crude reboundsMOSCOW (MRC) -- Total, Europe's biggest refiner, saw its average refining margin slump to the lowest level in six years during the second quarter when demand for fuels collapsed due to COVID-19 lockdowns while oil prices began to recover, reported S&P Global. Total's "variable cost margin" for its European refine