May 11, 2026 [Reuters]- South Korea’s S-Oil, whose main shareholder is Saudi Aramco, said on Monday it expects second-quarter refining margins to remain healthy, as supply disruptions look set to outweigh demand softness driven by high product prices.
In the January-March period, the refiner said it operated the crude distillation units (CDUs) at its 669,000 barrels-per-day (bpd) oil refinery in the southeastern city of Ulsan at 85% of capacity, compared to 96% during full-year 2025.
Here are details of S-Oil’s first-quarter results:
