Repsol's 3Q refning margin crimped

摘要

Third-quarter refning margins narrowed sharply for Spain’s integrated oil and gas company Repsol from record levels in the second. Repsol’s provisional Spanish refning margin indicator — a benchmark based on European crack spreads weighted to the frm’s product basket — narrowed by $10.60/bl or 45.5pc to $12.70/bl in July-September from April-June, but was still four times that reported a year earlier, according to the frm’s third-quarter trading statement.