MNI China Daily Summary: Friday, December 13

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REFINING: Poland's Orlen Counters Run Cut Narrative

REFINING
BulletEnergy BulletsCommodities

Polish refiner Orlen counters other European refiners in recent weeks and said there are “no grounds for limiting throughput,” at its refineries despite a gradual reduction in margins after speaking with Bloomberg.

  • “Given the current margins, refineries in Europe are not curtailing their throughput” Orlen said after reports companies like Eni and Repsol are making significant run cuts on weak margins.
  • Refining margins “remain at a satisfactory level and the macroeconomic environment in the refining segment remains propitious,” the company said.
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Polish refiner Orlen counters other European refiners in recent weeks and said there are “no grounds for limiting throughput,” at its refineries despite a gradual reduction in margins after speaking with Bloomberg.

  • “Given the current margins, refineries in Europe are not curtailing their throughput” Orlen said after reports companies like Eni and Repsol are making significant run cuts on weak margins.
  • Refining margins “remain at a satisfactory level and the macroeconomic environment in the refining segment remains propitious,” the company said.