SOUTH KOREAN OIL REFINERS STRUGGLING DUE TO COVID-19

Highlights –

• Oil demand has been low due to the latest epidemic, crude prices struggle
• Singapore complex gross refining margin stood at $1.4 per barrel
• South Korea refiners earnings plunge in 2019 due to negative refining margins

Since the coronavirus outbreak, local oil refineries have been struggling to cope with falling refining margins and weaker demand for t....