from late 2018; particularly, the Gasoline-Dubai crack spread (UNL/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and the Gasoil-Dubai crack spread (GO/DB), causing the refinery business’s market gross

reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude

declining, mostly from the gasoline product which is a result of travel limitation policy during the COVID-19 outbreak. The Marketing Business recorded improvements in performance of 797% QoQ and 15% YoY, due

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

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

started producing more gasoline products. When compared to Q1/2017, Mogas/Dubai crack spread (UNL95/DB) decreased by 0.53 USD/BBL. In Q2/2017 the crack spread faced pressure from excess supply; especially

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

transaction of 4.55 million barrels. The majority of trade consist of gasoline, crude oil, fuel oil, and Naphtha. The higher earning stemmed from the procurement of finished product for the refinery during TAM

. 47 million barrels of oil trading transactions, the main product contributing to the transaction were gasoline, crude oil, fuel oil, and naphtha. The increase in revenue was for new countries such as