S-Oil May Lower Crude Run Rate by 10 Percent

Reuters reported that S-Oil, South Korea’s third-largest crude oil refiner, may lower its January crude run rates by at least 10 percent.

As quoted in the market news:

Refineries in Asia are struggling with slumping profits, processing high-cost crude into oil products as demand for their exports fails to rise in winter.

Click here to read the full Reuters report.