KLSE: #PETRONM #3042 Triple Bottom?
https://www.quora.com/How-do-oil-prices-affect-oil-refinery-profits .......Jitendra Prasad, M.Tech. Petroleum Engineering & Oil and Gas Industry, Indian Institute of Technology , Dhanbad (1991)
Answered Jun 22, 2017
Normally, profitability in upstream and downstream (Refining) sector are inverse.If crude oil prices are higher , oil companies will earn more profit and profitability of refineries will dip. Whereas opposite will happen if crude oil prices are low
Answered Jun 22, 2017
Normally, profitability in upstream and downstream (Refining) sector are inverse.If crude oil prices are higher , oil companies will earn more profit and profitability of refineries will dip. Whereas opposite will happen if crude oil prices are low
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