narrowed, combined with crude oil cost which rose from the widened spread between DTD Brent and Dubai crude to be averaged at 1.95 $/BBL during the quarter, while in Q3/2017 DTD/DB was averaged at 1.65 $/BBL
, combined with crude oil price declining during the quarter leading to retail price at service stations remain optimal relative to the finished product cost. Power Plant Business, increased in total
, capitalization of the Lake Charles Gas Cracker and the adoption of new TFRS during the quarter. • Combined PET segment which also comprises our flagship PET business has seen resilient demand and improved margins
, mainly attributable to the refinery business having gone through turnaround maintenance, combined with the higher crude oil cost stemming from widening Dated Brent / Dubai spread (DTD/DB) which increased
policy for export Crude Palm Oil, combined with the gap between the price of Thai and Malaysian Crude Palm Oil widening once again. This resulted in the biodiesel business gross profit to improve, due to
year mainly due production disruptions during 1st Quarter 2019 combined with the negative HRC cash margin for second half of 2019 resulting from large decrease in HRC selling price compared to last year
price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and
oil in price throughout the quarter, especially the Dubai crude oil price which dropped during early August to September from concerns over the trade war between the US and China, combined with the Thai
repercussions on the global economy, compounded by a steep recession. It was a grim scenario, with uncertainty looming large. One year later, we stand in a very different place. Brent crude oil price has had a
discounting the OSP of Heavy crude, combined with supply of High Sulphur Fuel Oil declining from regional refineries lowering utilization rate due to slumping Gross Refinery Margin. Meanwhile, demand for High