Sinopec Q3 refining margins at $5.20 per barrel
HONG KONG |
HONG KONG Oct 30 (Reuters) - Top Asian oil refiner Sinopec Corp (0386.HK) said on Friday its third-quarter refining margins were at $5.20 per barrel.
The company disclosed the figure on a conference call to discuss its third-quarter performance.
Analysts said the firm could struggle to repeat the surge in its quarterly profit as uncertainty about Beijing's fuel price reforms and higher crude prices weigh on its outlook.
Sinopec, which posted a more than two-fold rise in third-quarter net profit, benefitted from four fuel price increases in China this year, with the most recent in September. (Editing by Don Durfee and Chris Lewis)
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