India Value Invest

A collection of my investment ideas discovered by applying value investing approach value investors.

Thursday, July 16, 2009

Refining Margins down to a third?

Searching Refining Margins on Google News gives results as follows:

Total says refining margins down by 64% from USD 40.2 a metric ton to USD 12.4 a metric ton

Chevron warns of sharply lower refining margins

Shell is shutting Singapore refinery and an analyst says it is good time to shut down since refining margins are depressed

Global refining margins were USD 4.98 in Q2 compared to USD 8.25 a year earlier and are at USD 2.17 in July

Refining margins slump says Conoco Phillips, the third largest oil company in the US

US refining margins slip in most regions

Refining returns below Cost of Capital

Deloitte sees trouble for refining industry

And Reliance Industries is up by 3.5% today. This is called liquidity driven buying.
at 12:30 PM

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