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S-Oil expects refining margins to rebound in Q3 on transport fuel demand

SEOUL, July 27 (Reuters) - South Korea’s S-Oil Corp said on Tuesday that refining margins are expected to rebound in the third quarter, driven by high demand for transport fuels due to an increase in global economic activities and mobility.

S-Oil is the country’s third-largest refiner, whose main shareholder is Saudi Aramco. (Reporting by Joyce Lee; Editing by Tom Hogue)

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