OIL DEMAND GROWTH
South Korea's S-Oil Corp said on Monday it expected global demand for refined oil products to continue to grow in the fourth quarter and next year, supporting refining margins.
S-Oil, whose main shareholder is Saudi Aramco, reported a 12.4 billion won ($10.97 million) operating income in the third quarter, compared with 606.2 billion won in the second quarter, due to lower refining margins and inventory related losses.
But operating income rebounded from a 38.3 billion won loss a year ago.
"The fourth-quarter oil demand will be mainly boosted…
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