Total refining margin sinks to six-year low as sales slump, crude rebounds

Total refining margin sinks to six-year low as sales slump, crude rebounds
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17.07.2020

MOSCOW (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 refineries in the second quarter fell to USD14.30/mt or about USD1.95/b, down from U

Full article at mrcplast.com

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