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S.Korea's S-Oil expects Q4 refining margins to improve on inventory build-up ahead of IMO

SEOUL, Oct 23 (Reuters) - S-Oil, South Korea’s third-largest refiner, said on Wednesday that refining margins are expected to improve in the fourth quarter on the back of inventory build-up ahead of implementation of stricter rules on marine fuels in 2020.

“Refining margins will strengthen from the fourth quarter, driven by inventory build-up demand for compliant fuels in advance of IMO 2020,” the refiner, whose top shareholder is Saudi Aramco, said in an earnings statement.

Reporting By Jane Chung; Editing by Tom Hogue

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