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83% drop in refining margins leads to Ampol's $100M profit decline, linked to Chinese economy sluggishness and maintenance issues.
Australia's largest oil refinery, Ampol, is anticipating a $100 million profit decline due to an 83% drop in refining margins, which fell to $1.48 a barrel from $20 a year earlier.
This decline is linked to reduced demand from a sluggish Chinese economy and ongoing maintenance issues.
To address the weak margins, Ampol will accelerate planned maintenance, further cutting fuel output for November.
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La caída del 83% en los márgenes de refino conduce a la disminución de los beneficios de $100 millones de Ampol, vinculada a problemas de lentitud y mantenimiento de la economía china.