Sinopec Q3 profit drops a third on fuel glut, lower oil prices

Sinopec Q3 profit drops a third on fuel glut, lower oil prices
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13.11.2019

MOSCOW (MRC)В -- Sinopec Corp, Asia's top refiner, has posted a 35% fall in third-quarter net profit versus a year earlier, according to Reuters calculations based on a company filing, dragged down by narrowing refining margins and weaker global oil prices, reported Reuters.The decline follows the launch of two privately owned mega-refineries and the expansion of other major refining pla

Full article at mrcplast.com

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