Finnish Neste forecasts lower sales and profit for Q3 on higher feedstock, oil prices
28.07.2021
MOSCOW (MRC) -- Finnish energy company Neste warned of a drop in sales and profit for the third quarter as it deals with higher feedstock and crude oil prices as well as planned refinery maintenance, sending its shares down more than 5%, reported Reuters.Major sources of biofuel feedstock such as waste and residue have seen a steady increase in prices, given the growing emphasis on renewa