ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message …
Read More »Oil refiners go from profit pain to gain on ship-fuel rule
Bloomberg The imminent overhaul of global ship-fuel regulations is finally delivering a long-awaited benefit to Asian oil refiners. Profits from turning crude into diesel in the second half of 2019 are forecast to be about 31% higher than the first six months, according to Goldman Sachs Group Inc. Margins have already expanded around 40% since late April as International Maritime …
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