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SK Innovation expects Q3 refining margins to stay modest

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SEOUL : SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Friday it expected volatile market conditions, with third-quarter refining margins projected to stay modest.That was due to prolonged structural supply shortages while an economic downturn could dampen demand, the company

SEOUL : SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Friday it expected volatile market conditions, with third-quarter refining margins projected to stay modest.

That was due to prolonged structural supply shortages while an economic downturn could dampen demand, the company said in a statement. Operating profit rose to 2.3 trillion won in the second quarter ended June from 556 billion won a year earlier.

 

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