.) Refinery and Trading Business Group Crude Oil Price Situation (Unit: USD/BBL) Crude oil price Q1/2018 Q4/2018 Q1/2019 YoY QoQ AVG AVG MAX MIN AVG % % Dubai (DB) 63.96 68.30 68.25 51.85 63.41 -1% -7% Dated
: USD/BBL) Crude Oil Price Q2/2016 Q1/2017 Q2/2017 YoY QoQ 6M2016 6M2017 YoY AVG AVG MAX MIN AVG % % % Dubai (DB) 43.23 53.03 54.65 43.50 49.68 15% -6% 37.06 51.38 39% Dated Brent (DTD) 45.59 53.69 54.98
subsidiaries’ performance by Business unit 1.) Refinery and Trading Business Group Crude Oil Price Situation (Unit : USD/BBL) Crude Oil Price Q1/2017 Q4/2017 Q1/2018 YoY QoQ AVG AVG MAX MIN AVG % % Dubai (DB
Group Crude Oil Price Situation (Unit : USD/BBL) Crude Oil Price Q2/2017 Q1/2018 Q2/2018 YoY QoQ 6M 6M YoY AVG AVG MAX MIN AVG % % 2017 2018 % Dubai (DB) 49.68 63.96 77.29 64.69 72.07 45% 13% 51.38 68.01
the refinery business which recorded much higher production rate, and benefited from the narrower average DTD/DB spread, resulting in 8. 05 $/BBL of total GRM. Also from the higher average crude oil
. Gross refinery margin was 6.66 USD/BBL (+1.04 USD/BBL YoY, +0.28 USD/BBL QoQ), GRM was higher from the increase in crack spread of most finished oil products, while Dated Brent and Dubai crude spread (DTD
market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a
by 58% from last year. Also, Gasoline / Dubai spread (UNL95/DB) dropped drastically during the end of the year. Total GRM was 5.61 $/BBL. And the significant decline in crude oil price during November
2.87 $/BBL, the refining margin still remains on the low side due to the crack spread of finished product and reference crude oil price declining significantly. A result of severe drop in demand for fuel
’ performance by Business unit 1.) Refinery and Oil Trading Business Group Crude Oil Price Situation (Unit: $/BBL) Crude Oil Price Q2/2020 Q1/2020 QoQ Q2/2019 YoY 6M 6M YoY MAX MIN AVG AVG +/- AVG +/- 2020 2019