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2015-10-19 19:35:00

OIL DEMAND GROWTH

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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Tags: OIL, DEMAND, SUPPLY, PRICES
Chronicle:
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