- Galp expects its refining margins to improve in the second half of this year with increased demand for marine fuels supporting crack spreads for middle distillates.
- Firm cut estimate for average refining margins in 2019 to $4/bl from $5-6/bl previously after a difficult Q2.
- Galp cut crude runs at its 330,000 b/d of refining capacity to minimise the impact of historically weak crack spreads for gasoline over the period.
- Processed 252,000 b/d of crude in Q2, down by 13pc year on year, and...
http://mfame.guru/galps-imo-refining-margins-to-expand/