NEW YORK (AFX) – Poor downstream margins as a result of continuing high oil prices are set to hit third-quarter earnings of the major oil companies, with the weakness likely to continue well into 2003, analysts said. Prudential and Credit Suisse First Boston are among brokers who have recently downgraded their full year estimates for…
MARKETS: US oil refining margins to hit Q3, weakness seen continuing in 2003
Posted on October 10, 2002 by EnergyAsia