July 26, 2019 / 8:03 AM / 2 months ago

S.Korea's SK Innovation expects diesel demand to help refining margins improve

SEOUL, July 26 (Reuters) - South Korea’s SK Innovation , owner of South Korea’s biggest oil refiner SK Energy, said on Friday that refining margins are expected to improve, driven by solid diesel demand before new rules on marine fuels take effect from 2020.

“Diesel demand is expected to grow as the International Maritime Organization (IMO)’s new shipping fuel regulations will be implemented from 2020,” the company said in an earnings statement. (Reporting By Jane Chung and Sangmi Cha; editing by Christian Schmollinger)

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