15.74 -1.80 13.73 15.38 -1.65 GO/DB 17.71 11.64 14.32 15.34 -1.02 14.98 -0.67 13.72 14.68 -0.96 FO/DB -5.82 -29.19 -18.59 1.11 -19.70 1.33 -19.92 -4.91 -2.64 -2.28 Crack Spreads Analysis Gasoline and
6.90 11.00 14.32 -3.32 12.75 -1.75 FO/DB 2.36 (16.57) (7.30) (18.59) 11.29 0.54 -7.84 Crack Spreads Analysis Gasoline and Dubai crack spread (UNL95/DB) in Q1/2020 averaged at 6.54 $/BBL, a decline of
discipline since 3Q22 by removing the freebies in the entry- level package while taking cautious steps to uplift the ARPU. However, the fragile cost-concern environment, especially for price-sensitive segments
China. Gasoline-Dubai crack spread (UNL95/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and Gasoline-Dubai crack spread (GO/DB) were especially affected. This turn of events have led the refinery
synergy benefit of ~20 $M with cost optimizations. Integrated EO profitability were impacted due to poor oilfield demand and slowdown in construction sector though margins remain intact. Poor Gasoline
16.68 13.75 15.34 12.37 2.97 14.34 1.00 13.52 14.57 -1.06 FO/DB 14.68 -8.81 1.11 -2.34 3.45 -2.48 3.59 -0.21 -3.96 3.75 Crack Spreads Analysis Gasoline and Dubai crack spread (UNL95/DB) in Q3/2019
the country while full vaccination remains low and vaccine supply posts another pressing factor. This raises the downside risk to the already weak economy, reflecting in fragile consumer spending and
outlook for 2H22 expects to remain fragile despite a sign of recovery in 1H22 due to inflation and continuous hike in energy price globally from the impact of Russian invasion of Ukraine which magnified the
for the rest of the year expects to remain fragile despite a sign of recovery in 1H22 due to inflation and continuous hike in energy price globally from the impact of Russian invasion of Ukraine which
for the rest of the year expects to remain fragile despite a sign of recovery in 1H22 due to inflation and continuous hike in energy price globally from the impact of Russian invasion of Ukraine which