able to amend the agreement and start such business accordingly. To avoid the Conflict of Interest after the capital increase, the Company shall operate the crude palm oil (CPOA) trading business for
second most producing region was the European Union (EU), with 84.7 million tons, decreased by 2.5% and North America’s crude steel production was 60.1 million tons, an increase of 1.4% compared to the
margin of the retail market, as the price of crude oil adjusted downward throughout the quarter, allowing the company to adjust the selling price according to its reducing costs, thus leading to increase
crude steel production in the first six months of 2018 was 59 Mt, an increase of 2.4% compared to the same period of 2017. In June 2018, Asian countries had the following crude steel production: China
, especially those located in the United States; leading to crude reserves in the United States to decrease continuously. However, crude oil price received significant pressure from the increase in production of
the Middle East) 1,341.6 MT, an increase by 5.7%, The second most producing region was the European Union (EU), with 159.4 MT, decreased by 4.9% and North America’s crude steel production was 120 MT
increase of 4.6% over the first quarter of 2017. The EU produced 43.1 Mt of crude steel in the first quarter of 2018, up by 0.9% compared to the same quarter of 2017. North America’s crude steel production
remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing
. Total GRM increased by 5% YoY and 17% QoQ from the improved Market GRM that rose due to significant increase of production after the turnaround maintenance (TAM) , combined with crude cost that benefited
segment. Increase in crude prices and restocking to support forthcoming seasonal demand has resulted in this trend being reversed in 1Q19. o 2019 is also expected to outperform 2018 as legacy contracts in