Total: fall in Q1 refining margin
(CercleFinance.com) - According to the European Refining Margin Indicator (ERMI), Total's refining margin shrank to 25.
6 dollars per tonne in the first quarter of 2018, compared with 35.5 dollars per tonne in the previous quarter and 38.9 dollars a year ago.
The ERMI indicator represents a complex theoretical North European refinery located in Rotterdam, which processes a cocktail of crude oil that is representative of the region's average supply to provide large listed products in the same zone.
In addition, the oil giant said that over the past quarter, the average price per barrel of Brent reached 66.8 dollars per barrel, the average price of liquid sales was 60.3 dollars/barrel, and that of gas was 4.73 dollars/Mbtu.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
6 dollars per tonne in the first quarter of 2018, compared with 35.5 dollars per tonne in the previous quarter and 38.9 dollars a year ago.
The ERMI indicator represents a complex theoretical North European refinery located in Rotterdam, which processes a cocktail of crude oil that is representative of the region's average supply to provide large listed products in the same zone.
In addition, the oil giant said that over the past quarter, the average price per barrel of Brent reached 66.8 dollars per barrel, the average price of liquid sales was 60.3 dollars/barrel, and that of gas was 4.73 dollars/Mbtu.
Copyright (c) 2018 CercleFinance.com. All rights reserved.