Oil refining margins set to rise post-Harvey


CIMB Research South Korea sees the impact of the tropical storm, which continues to affect areas across Texas and neighbouring Louisiana in the US, as a

PETALING JAYA: Oil refining margins are expected to rise, at least temporarily, as supply is affected in the aftermath of Hurricane Harvey in the United States.

Petrochemical product prices may also increase as the number of confirmed outages at ethylene production units in the areas impacted by the hurricane continue to rise.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Lagenda Properties acquire three plots of lands in Kedah for RM148.98mil
Ringgit ends lower against US dollar
Sunway to focus on core business
PETRONAS Dagangan appoints Azureen Azita Abdullah as COO
Sime Darby Property 1Q net profit more than doubles to RM123.6mil
LTKM 4Q net profit nearly doubles to RM17.8mil
Hibiscus Petroleum posts higher 3Q net profit of RM101.81mil
Skyworld plans RM1bil worth of projects
Pos Malaysia posts smaller 1Q loss, optimistic for 2024
PETRONAS and partners reach 'final investment decision' for block 20/11 in Angola

Others Also Read